Zeta Global Holdings Corp. (NYSE:ZETA) Shares Sold by Millrace Asset Group Inc.

Millrace Asset Group Inc. reduced its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 51.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 78,071 shares of the company’s stock after selling 83,948 shares during the quarter. Zeta Global makes up about 2.4% of Millrace Asset Group Inc.’s holdings, making the stock its 8th largest holding. Millrace Asset Group Inc.’s holdings in Zeta Global were worth $2,329,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC purchased a new position in shares of Zeta Global during the 3rd quarter worth approximately $5,644,000. Victory Capital Management Inc. grew its holdings in Zeta Global by 229.9% during the third quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock worth $2,048,000 after acquiring an additional 47,849 shares during the period. Principal Financial Group Inc. raised its position in Zeta Global by 512.3% in the third quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock worth $4,059,000 after acquiring an additional 113,838 shares in the last quarter. Jennison Associates LLC acquired a new stake in Zeta Global in the third quarter valued at $1,074,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Zeta Global in the third quarter valued at $1,128,000. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. DA Davidson increased their price target on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Oppenheimer upped their target price on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Barclays lifted their price target 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. Bank of America boosted their price target on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, KeyCorp downgraded Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Zeta Global Trading Down 5.0 %

Zeta Global stock opened at $21.27 on Tuesday. The stock has a 50-day moving average price of $28.00 and a 200 day moving average price of $22.93. Zeta Global Holdings Corp. has a 52 week low of $7.65 and a 52 week high of $38.20. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

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

Insider Transactions at Zeta Global

In related news, Director Imran Khan acquired 55,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the acquisition, the director now directly owns 55,000 shares in the company, valued at approximately $1,042,800. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Christopher E. Greiner bought 7,975 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $18.80 per share, with a total value of $149,930.00. Following the completion of the acquisition, the chief financial officer now owns 2,330,010 shares of the company’s stock, valued at $43,804,188. This trade represents a 0.34 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 129,901 shares of company stock worth $2,471,244 over the last quarter. 25.54% of the stock is currently owned by insiders.

About Zeta Global

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.