KBC Group NV Grows Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

KBC Group NV grew its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 102.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,680 shares of the company’s stock after buying an additional 4,896 shares during the period. KBC Group NV’s holdings in Zeta Global were worth $174,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZETA. Lord Abbett & CO. LLC raised its holdings in Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after purchasing an additional 2,623,980 shares in the last quarter. Geode Capital Management LLC raised its stake in Zeta Global by 18.8% in the third quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after buying an additional 674,192 shares in the last quarter. State Street Corp boosted 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 valued at $124,900,000 after acquiring an additional 455,944 shares in the last quarter. FMR LLC grew its holdings in shares of Zeta Global by 84,132.4% during the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after acquiring an additional 3,557,119 shares during the period. Finally, Summit Partners Public Asset Management LLC raised its position in shares of Zeta Global by 210.4% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after acquiring an additional 1,703,679 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.

Insiders Place Their Bets

In related news, COO Steven H. Gerber acquired 13,250 shares of Zeta Global stock in a transaction dated Monday, November 18th. The stock was purchased 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 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Christopher E. Greiner bought 7,975 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 2,330,010 shares of the company’s stock, valued at $43,804,188. This represents a 0.34 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 129,901 shares of company stock valued at $2,471,244. Insiders own 25.54% of the company’s stock.

Wall Street Analysts Forecast Growth

ZETA has been the topic of several research reports. William Blair restated an “outperform” rating on shares of Zeta Global in a research report on Thursday, December 19th. The Goldman Sachs Group assumed coverage on shares of Zeta Global in a report on Wednesday, December 11th. They set a “neutral” rating and a $30.00 target price on the stock. DA Davidson lifted 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. Needham & Company LLC restated a “buy” rating and issued a $43.00 price objective on shares of Zeta Global in a report on Thursday, January 16th. Finally, Canaccord Genuity Group lifted 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. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.43.

Zeta Global Stock Performance

Shares of NYSE ZETA opened at $18.72 on Thursday. 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 firm’s 50-day moving average price is $19.66 and its 200-day moving average price is $23.83. Zeta Global Holdings Corp. has a 52-week low of $9.35 and a 52-week high of $38.20. The company has a market cap of $4.44 billion, a PE ratio of -26.74, a PEG ratio of 1.35 and a beta of 1.17.

Zeta Global (NYSE:ZETA) last announced its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share 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 company had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. During the same quarter in the prior year, the firm posted ($0.27) earnings per share. Zeta Global’s quarterly revenue was up 42.0% on a year-over-year basis. As a group, analysts anticipate that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

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.