Blue Trust Inc. Buys 2,100 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Blue Trust Inc. lifted its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 10.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,931 shares of the company’s stock after acquiring an additional 2,100 shares during the period. Blue Trust Inc.’s holdings in Zeta Global were worth $413,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC raised its position in shares of Zeta Global by 85.0% in the third 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 during the period. Geode Capital Management LLC raised its holdings in Zeta Global by 18.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after acquiring an additional 674,192 shares during the period. State Street Corp lifted its position in Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after acquiring an additional 455,944 shares during the last quarter. FMR LLC boosted its holdings 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 acquiring an additional 3,557,119 shares during the period. Finally, Summit Partners Public Asset Management LLC grew its position in shares of Zeta Global by 210.4% in the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock valued at $74,978,000 after purchasing an additional 1,703,679 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zeta Global

In related news, CFO Christopher E. Greiner acquired 7,975 shares of the stock in a transaction on Monday, November 18th. The stock was purchased 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 $43,804,188. The trade was a 0.34 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Imran Khan bought 55,000 shares of Zeta Global stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $18.96 per share, for a total transaction of $1,042,800.00. Following the completion of the transaction, the director now directly 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. Over the last 90 days, insiders bought 129,901 shares of company stock valued at $2,471,244. Corporate insiders own 25.54% of the company’s stock.

Zeta Global Price Performance

Shares of ZETA stock opened at $18.38 on Friday. The stock’s fifty day simple moving average is $19.79 and its 200 day simple moving average is $23.85. Zeta Global Holdings Corp. has a one year low of $9.35 and a one year high of $38.20. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of -26.25, a P/E/G ratio of 1.33 and a beta of 1.17. 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 (NYSE:ZETA) last issued 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). 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 prior year, the firm posted ($0.27) EPS. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. On average, analysts expect that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ZETA. Barclays increased their target price on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. 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. Oppenheimer upped their target price on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Morgan Stanley decreased their price target on shares of Zeta Global from $26.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, The Goldman Sachs Group initiated coverage on shares of Zeta Global in a research report on Wednesday, December 11th. They set a “neutral” rating and a $30.00 price objective for the company. Four equities research 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $37.43.

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.