Geode Capital Management LLC Increases Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

Geode Capital Management LLC lifted its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 18.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,266,679 shares of the company’s stock after buying an additional 674,192 shares during the quarter. Geode Capital Management LLC owned approximately 1.94% of Zeta Global worth $127,302,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Juncture Wealth Strategies LLC boosted its position in shares of Zeta Global by 3.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock worth $633,000 after acquiring an additional 634 shares in the last quarter. Essex Investment Management Co. LLC lifted its stake in Zeta Global by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock worth $9,137,000 after purchasing an additional 856 shares during the last quarter. Wolff Wiese Magana LLC acquired a new position in Zeta Global in the third quarter valued at approximately $26,000. HighTower Advisors LLC increased its stake in Zeta Global by 4.2% in the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock valued at $668,000 after purchasing an additional 892 shares during the last quarter. Finally, Amalgamated Bank raised its holdings in Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after purchasing an additional 948 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Insider Activity at Zeta Global

In related news, COO Steven H. Gerber acquired 13,250 shares of Zeta Global stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $18.55 per share, for a total transaction of $245,787.50. Following the completion of the purchase, the chief operating officer now directly owns 2,940,811 shares of the company’s stock, valued at approximately $54,552,044.05. This trade represents a 0.45 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Imran Khan acquired 55,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the acquisition, the director now owns 55,000 shares of the company’s stock, valued at $1,042,800. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 129,901 shares of company stock worth $2,471,244 over the last three months. 25.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ZETA. Canaccord Genuity Group upped their target price on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Royal Bank of Canada restated an “outperform” rating and issued a $43.00 price objective on shares of Zeta Global in a research note on Tuesday, December 10th. Barclays lifted their target price on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. DA Davidson upped their target price on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, B. Riley lifted their price target on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Zeta Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.86.

Zeta Global Stock Down 5.5 %

Shares of Zeta Global stock opened at $20.34 on Wednesday. The company has a market cap of $4.83 billion, a P/E ratio of -29.06 and a beta of 1.12. The firm has a fifty day moving average of $25.73 and a two-hundred day moving average of $23.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. Zeta Global Holdings Corp. has a one year low of $7.84 and a one year high of $38.20.

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