Zeta Global Holdings Corp. (NYSE:ZETA) is Summit Partners Public Asset Management LLC’s 6th Largest Position

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

Several other institutional investors have also modified their holdings of the stock. FORA Capital LLC purchased a new stake in Zeta Global in the third quarter valued at approximately $2,804,000. MetLife Investment Management LLC increased its holdings in shares of Zeta Global by 7.4% in the 3rd quarter. MetLife Investment Management LLC now owns 102,313 shares of the company’s stock valued at $3,052,000 after acquiring an additional 7,083 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in Zeta Global by 29.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 563,531 shares of the company’s stock valued at $16,810,000 after purchasing an additional 126,531 shares during the last quarter. FMR LLC boosted its stake in 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 purchasing an additional 3,557,119 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Zeta Global by 14.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 125,057 shares of the company’s stock worth $3,730,000 after purchasing an additional 15,342 shares during the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Insider Buying and Selling

In related news, Director Imran Khan acquired 55,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the transaction, the director now directly owns 55,000 shares of the company’s stock, valued at approximately $1,042,800. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Christopher E. Greiner bought 7,975 shares of Zeta Global stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the purchase, the chief financial officer now owns 2,330,010 shares in the company, valued at $43,804,188. This represents a 0.34 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 129,901 shares of company stock worth $2,471,244 in the last three months. Corporate insiders own 25.54% of the company’s stock.

Wall Street Analyst Weigh In

ZETA has been the subject of several recent research reports. B. Riley increased their target price on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. 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 research note on Friday, November 15th. Barclays upped their price target on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Roth Mkm lifted their price objective on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Finally, Oppenheimer upped their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Zeta Global Price Performance

Shares of Zeta Global stock opened at $20.20 on Friday. The company has a 50-day moving average of $27.70 and a two-hundred day moving average of $22.95. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a 12-month low of $7.65 and a 12-month high of $38.20.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). The firm had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.27) earnings per share. Analysts expect that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

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.