Atria Investments Inc Makes New $358,000 Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

Atria Investments Inc purchased a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the third quarter, HoldingsChannel.com reports. The fund purchased 12,016 shares of the company’s stock, valued at approximately $358,000.

Several other institutional investors have also modified their holdings of the business. D. E. Shaw & Co. Inc. lifted 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 worth $32,610,000 after buying an additional 1,728,005 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Zeta Global in the second quarter valued at approximately $28,698,000. Renaissance Technologies LLC grew its position in Zeta Global by 85.4% during 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 in the last quarter. Millennium Management LLC raised its holdings in Zeta Global by 358.3% in the 2nd quarter. Millennium Management LLC now owns 1,189,295 shares of the company’s stock valued at $20,991,000 after acquiring an additional 929,792 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Zeta Global during the 2nd quarter valued at $9,783,000. Institutional investors own 75.82% of the company’s stock.

Zeta Global Stock Performance

Zeta Global stock opened at $21.72 on Friday. The business has a 50 day moving average of $28.22 and a 200-day moving average of $22.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global Holdings Corp. has a 1 year low of $7.65 and a 1 year high of $38.20. The company has a market capitalization of $4.78 billion, a P/E ratio of -31.03 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last announced its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The company had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. During the same period in the prior year, the business earned ($0.27) earnings per share. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. On average, equities research analysts predict that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current year.

Insider Buying and Selling at Zeta Global

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

Analysts Set New Price Targets

A number of brokerages have issued reports on ZETA. DA Davidson increased 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. Oppenheimer increased their price target 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. Bank of America lifted their price objective on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Craig Hallum upped their target price on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, B. Riley lifted their price target 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 equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

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.