Zeta Global Holdings Corp. (NYSE:ZETA) Stock Holdings Boosted by Summit Partners Public Asset Management LLC

Summit Partners Public Asset Management LLC grew its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 210.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,513,494 shares of the company’s stock after buying an additional 1,703,679 shares during the quarter. Zeta Global accounts for 2.3% of Summit Partners Public Asset Management LLC’s investment portfolio, making the stock its 6th largest position. Summit Partners Public Asset Management LLC owned about 1.14% of Zeta Global worth $74,978,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ZETA. Wolff Wiese Magana LLC purchased a new position in Zeta Global in the 3rd quarter valued at about $26,000. Quest Partners LLC raised its holdings in shares of Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after acquiring an additional 2,183 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after acquiring an additional 1,360 shares in the last quarter. Covestor Ltd boosted its stake in shares of Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after acquiring an additional 1,451 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after purchasing an additional 1,136 shares in the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZETA has been the topic of a number of research reports. Oppenheimer raised their price objective on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Craig Hallum increased their price objective on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Morgan Stanley lowered their target price on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, November 15th. Truist Financial restated a “buy” rating and issued a $42.00 price target (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Finally, Bank of America lifted their price objective on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Three investment 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Insiders Place Their Bets

In other news, CFO Christopher E. Greiner bought 7,975 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the purchase, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Steinberg purchased 53,676 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the purchase, the chief executive officer now directly owns 65,310 shares of the company’s stock, valued at $1,256,564.40. The trade was a 461.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 129,901 shares of company stock worth $2,471,244 in the last ninety days. 25.54% of the stock is owned by corporate insiders.

Zeta Global Stock Up 0.8 %

ZETA opened at $20.20 on Friday. 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 Holdings Corp. has a 52 week low of $7.65 and a 52 week high of $38.20. The business has a fifty day simple moving average of $27.70 and a 200-day simple moving average of $22.95.

Zeta Global (NYSE:ZETA) last released 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 was up 42.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.27) earnings per share. On average, equities analysts predict that Zeta Global Holdings Corp. will post -0.16 earnings per share 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.