Zeta Global Holdings Corp. (NYSE:ZETA) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 21.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,045,444 shares of the company’s stock after selling 571,400 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.93% of Zeta Global worth $61,016,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZETA. FMR LLC grew its holdings in shares of Zeta Global by 84,132.4% during the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after purchasing an additional 3,557,119 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in Zeta Global by 1,444.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock valued at $32,610,000 after purchasing an additional 1,728,005 shares during the period. William Blair Investment Management LLC bought a new position in Zeta Global during the 2nd quarter worth $28,698,000. Renaissance Technologies LLC increased its position in Zeta Global by 85.4% in the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock worth $35,635,000 after buying an additional 929,800 shares during the period. Finally, Millennium Management LLC lifted its stake in Zeta Global by 358.3% in the second quarter. Millennium Management LLC now owns 1,189,295 shares of the company’s stock valued at $20,991,000 after buying an additional 929,792 shares during the last quarter. Institutional investors and hedge funds own 75.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Royal Bank of Canada upped their price target on shares of Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Bank of America upped their target price on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Craig Hallum lifted their price target on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Oppenheimer boosted their price objective on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, B. Riley raised their target price on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Zeta Global currently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Insider Activity

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

Zeta Global Price Performance

Shares of NYSE ZETA opened at $24.01 on Tuesday. The firm has a 50-day moving average of $27.38 and a two-hundred day moving average of $23.05. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of -34.30 and a beta of 1.12. 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 Holdings Corp. has a twelve month low of $7.65 and a twelve month high of $38.20.

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 analysts’ consensus estimates of $0.17 by ($0.26). The business had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The company’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.27) earnings per share. As a group, analysts expect that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Zeta Global Company 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.