Zeta Global Holdings Corp. (NYSE:ZETA) Shares Sold by Algert Global LLC

Algert Global LLC lessened its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 6.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 110,517 shares of the company’s stock after selling 8,150 shares during the period. Algert Global LLC’s holdings in Zeta Global were worth $3,297,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ZETA. Citigroup Inc. lifted its holdings in shares of Zeta Global by 139.5% during the third quarter. Citigroup Inc. now owns 151,439 shares of the company’s stock valued at $4,517,000 after purchasing an additional 88,205 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Zeta Global by 31.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock worth $51,980,000 after buying an additional 413,577 shares during the period. Intech Investment Management LLC purchased a new stake in Zeta Global during the third quarter valued at about $1,455,000. Advisors Asset Management Inc. boosted its holdings in shares of Zeta Global by 104.1% in the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after buying an additional 1,136 shares during the period. Finally, Jennison Associates LLC purchased a new position in shares of Zeta Global in the third quarter worth approximately $1,074,000. 75.82% of the stock is owned by institutional investors.

Insider Transactions at Zeta Global

In other news, CEO David Steinberg acquired 53,676 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the acquisition, the chief executive officer now owns 65,310 shares of the company’s stock, valued at $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Christopher E. Greiner bought 7,975 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $18.80 per share, with a total value of $149,930.00. Following the completion of the purchase, the chief financial officer now directly owns 2,330,010 shares of the company’s stock, valued at $43,804,188. This represents a 0.34 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 129,901 shares of company stock worth $2,471,244. Insiders own 25.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. DA Davidson raised their price objective on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Canaccord Genuity Group increased their target price on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. KeyCorp lowered Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Royal Bank of Canada increased their price objective on Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, B. Riley lifted their target price on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.00.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $21.27 on Tuesday. Zeta Global Holdings Corp. has a 1 year low of $7.65 and a 1 year high of $38.20. The firm has a fifty day moving average price of $28.00 and a 200 day moving average price of $22.93. 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 announced its earnings results on Monday, November 11th. The company reported ($0.09) EPS 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 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 business’s revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.27) EPS. On average, equities analysts expect that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

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.