Swiss National Bank Sells 1,900 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Swiss National Bank lowered its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 314,800 shares of the company’s stock after selling 1,900 shares during the period. Swiss National Bank owned approximately 0.14% of Zeta Global worth $9,390,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ZETA. Juncture Wealth Strategies LLC raised its holdings in Zeta Global by 3.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock valued at $633,000 after acquiring an additional 634 shares during the period. Essex Investment Management Co. LLC raised its stake in shares of Zeta Global by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock valued at $9,137,000 after purchasing an additional 856 shares during the period. Wolff Wiese Magana LLC purchased a new stake in Zeta Global during the 3rd quarter worth about $26,000. Amalgamated Bank boosted its stake in Zeta Global by 20.0% in the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after purchasing an additional 948 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Zeta Global by 3,885.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after purchasing an additional 1,360 shares during the period. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Trading Up 3.0 %

ZETA stock opened at $22.38 on Monday. Zeta Global Holdings Corp. has a one year low of $7.65 and a one year high of $38.20. The company has a market capitalization of $5.31 billion, a PE ratio of -31.97 and a beta of 1.29. The company’s 50 day moving average price is $28.11 and its two-hundred day moving average price is $22.90. 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 (NYSE:ZETA) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.26). The business 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 for the quarter was up 42.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.27) earnings per share. As a group, analysts predict that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZETA has been the topic of a number of recent analyst reports. Roth Mkm increased their price target on shares of Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Craig Hallum increased their target price on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. DA Davidson boosted their price target on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Truist Financial reiterated a “buy” rating and issued a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Finally, Morgan Stanley reduced their target price on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a research report on Friday, November 15th. Three 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. According to data from MarketBeat, Zeta Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Insiders Place Their Bets

In other Zeta Global news, CEO David Steinberg bought 53,676 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $19.24 per share, with a total value of $1,032,726.24. Following the completion of the purchase, the chief executive officer now directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Christopher E. Greiner purchased 7,975 shares of the stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of $18.80 per share, with a total value of $149,930.00. Following the transaction, the chief financial officer now directly owns 2,330,010 shares in the company, valued at $43,804,188. The trade was a 0.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 129,901 shares of company stock valued at $2,471,244 in the last ninety days. Company insiders own 25.54% of the company’s stock.

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.