Zeta Global Holdings Corp. (NYSE:ZETA) Shares Sold by Portolan Capital Management LLC

Portolan Capital Management LLC reduced its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 26.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,405,132 shares of the company’s stock after selling 514,058 shares during the period. Zeta Global comprises about 3.0% of Portolan Capital Management LLC’s portfolio, making the stock its 2nd biggest holding. Portolan Capital Management LLC owned about 0.64% of Zeta Global worth $41,915,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FMR LLC increased its holdings in Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after acquiring an additional 3,557,119 shares in the last quarter. Summit Partners Public Asset Management LLC increased its holdings in Zeta Global by 210.4% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after acquiring an additional 1,703,679 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Zeta Global by 85.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock worth $35,635,000 after acquiring an additional 929,800 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Zeta Global by 1,444.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after acquiring an additional 1,728,005 shares in the last quarter. Finally, Bwcp LP grew its holdings in shares of Zeta Global by 6.2% during the second quarter. Bwcp LP now owns 1,805,867 shares of the company’s stock worth $31,874,000 after buying an additional 106,034 shares in the last quarter. 75.82% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Stock Performance

Shares of NYSE:ZETA opened at $23.93 on Wednesday. The firm’s 50 day moving average price is $27.28 and its 200 day moving average price is $23.10. Zeta Global Holdings Corp. has a fifty-two week low of $7.65 and a fifty-two week high of $38.20. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Zeta Global (NYSE:ZETA) last issued its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.26). The firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The firm’s revenue was up 42.0% compared to the same quarter last year. During the same period last year, the business earned ($0.27) EPS. Equities research analysts predict that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Insider Buying and Selling at Zeta Global

In other Zeta Global news, CFO Christopher E. Greiner bought 7,975 shares of the stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the transaction, the chief financial officer now owns 2,330,010 shares in the company, valued at approximately $43,804,188. The trade was a 0.34 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Steven H. Gerber bought 13,250 shares of the stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $18.55 per share, for a total transaction of $245,787.50. Following the completion of the transaction, the chief operating officer now owns 2,940,811 shares of the company’s stock, valued at approximately $54,552,044.05. The trade was a 0.45 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 129,901 shares of company stock worth $2,471,244 over the last three months. Insiders own 25.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ZETA. DA Davidson upped their target price on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. B. Riley upped their target price on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Bank of America upped their target price on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Barclays upped their target price on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Morgan Stanley decreased their target price on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, November 15th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Zeta Global Profile

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.