Janney Capital Management LLC Takes Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Janney Capital Management LLC bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 19,715 shares of the company’s stock, valued at approximately $355,000.

Other institutional investors have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. increased its holdings in Zeta Global by 53.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 43,477 shares of the company’s stock worth $782,000 after purchasing an additional 15,068 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Zeta Global by 110.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 52,518 shares of the company’s stock worth $945,000 after buying an additional 27,572 shares in the last quarter. Diversified Trust Co increased its stake in shares of Zeta Global by 228.8% in the fourth quarter. Diversified Trust Co now owns 51,003 shares of the company’s stock worth $918,000 after buying an additional 35,490 shares during the last quarter. Nordea Investment Management AB acquired a new stake in Zeta Global in the fourth quarter valued at $2,444,000. Finally, JPMorgan Chase & Co. boosted its stake in Zeta Global by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock valued at $37,015,000 after acquiring an additional 293,583 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZETA. Royal Bank of Canada cut their target price on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Canaccord Genuity Group upped their price objective on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Oppenheimer lifted their target price on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. William Blair reissued an “outperform” rating on shares of Zeta Global in a research report on Thursday, December 19th. Finally, KeyCorp cut Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Four 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Insider Buying and Selling at Zeta Global

In related news, CEO David Steinberg acquired 53,676 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Steven H. Gerber bought 13,250 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $18.55 per share, for a total transaction of $245,787.50. Following the acquisition, the chief operating officer now owns 2,940,811 shares of the company’s stock, valued at $54,552,044.05. This represents a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 129,901 shares of company stock valued at $2,471,244. Company insiders own 25.54% of the company’s stock.

Zeta Global Stock Performance

ZETA opened at $18.90 on Thursday. Zeta Global Holdings Corp. has a twelve month low of $9.35 and a twelve month high of $38.20. The business’s 50 day moving average is $20.09 and its 200-day moving average is $23.85. 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 (NYSE:ZETA) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The business 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 company’s revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.27) EPS. Equities research analysts expect 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.