Heck Capital Advisors LLC Makes New Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

Heck Capital Advisors LLC acquired a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,671 shares of the company’s stock, valued at approximately $66,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wolff Wiese Magana LLC purchased a new stake in Zeta Global during the third quarter valued at $26,000. Farther Finance Advisors LLC increased its holdings in shares of 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 buying an additional 1,360 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Zeta Global by 2,902.0% in the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after acquiring an additional 1,451 shares during the last quarter. Advisors Asset Management Inc. grew its position in Zeta Global by 104.1% in the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after acquiring an additional 1,136 shares in the last quarter. Finally, CWM LLC increased its stake in Zeta Global by 1,682.3% during the third quarter. CWM LLC now owns 5,240 shares of the company’s stock worth $156,000 after acquiring an additional 4,946 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Zeta Global news, Director Imran Khan bought 55,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the purchase, the director now directly owns 55,000 shares in the company, valued at $1,042,800. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Christopher E. Greiner purchased 7,975 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was acquired 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 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 disclosure for this purchase can be found here. Insiders purchased 129,901 shares of company stock worth $2,471,244 in the last three months. 25.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ZETA shares. Oppenheimer raised their price objective on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group began coverage on Zeta Global in a research report on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 price target for the company. Truist Financial reissued a “buy” rating and issued a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research note on Thursday, December 19th. Finally, Barclays increased their price objective on shares of Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Zeta Global Stock Performance

ZETA stock opened at $18.38 on Monday. Zeta Global Holdings Corp. has a 1-year low of $9.35 and a 1-year high of $38.20. The business has a 50-day moving average price of $19.79 and a 200 day moving average price of $23.90. The company has a market capitalization of $4.36 billion, a P/E ratio of -26.25, a PEG 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 announced 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 analysts’ expectations of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. Zeta Global’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.27) EPS. As a group, equities research analysts forecast that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Zeta Global 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.