Zeta Global Holdings Corp. (NYSE:ZETA) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 110.5% during the 4th quarter, Holdings Channel reports. The fund owned 52,518 shares of the company’s stock after purchasing an additional 27,572 shares during the period. Harbor Capital Advisors Inc.’s holdings in Zeta Global were worth $945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC grew its position in 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 buying an additional 3,557,119 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after purchasing an additional 2,623,980 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Zeta Global by 1,444.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after purchasing an additional 1,728,005 shares during the period. Summit Partners Public Asset Management LLC boosted its position in Zeta Global by 210.4% during the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after purchasing an additional 1,703,679 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in Zeta Global in the second quarter valued at approximately $28,698,000. 87.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZETA has been the subject of several research analyst reports. Royal Bank of Canada reduced their target price on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. KeyCorp cut shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research report on Thursday, December 19th. Craig Hallum upped their price target on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Oppenheimer lifted their price objective on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.43.

Zeta Global Stock Down 0.9 %

Shares of ZETA opened at $17.17 on Tuesday. Zeta Global Holdings Corp. has a 52-week low of $8.76 and a 52-week high of $38.20. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a fifty day simple moving average of $21.78 and a two-hundred day simple moving average of $23.85. The company has a market capitalization of $4.08 billion, a PE ratio of -24.53 and a beta of 1.17.

Zeta Global (NYSE:ZETA) last posted its 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 firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.27) earnings per share. As a group, equities analysts forecast that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Christopher E. Greiner bought 7,975 shares of the stock in a transaction on Monday, November 18th. The stock was bought 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 in the company, valued at $43,804,188. This represents a 0.34 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David Steinberg purchased 53,676 shares of Zeta Global stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the purchase, the chief executive officer now directly owns 65,310 shares in the company, valued at approximately $1,256,564.40. This trade represents a 461.37 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 129,901 shares of company stock valued at $2,471,244 over the last quarter. 25.54% of the stock is owned by insiders.

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.