SOA Wealth Advisors LLC. Reduces Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

SOA Wealth Advisors LLC. lessened its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,655 shares of the company’s stock after selling 6,345 shares during the period. SOA Wealth Advisors LLC.’s holdings in Zeta Global were worth $1,883,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ZETA. JPMorgan Chase & Co. increased its stake in shares of Zeta Global by 31.0% during the third 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 period. Charles Schwab Investment Management Inc. boosted its stake in Zeta Global by 31.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock valued at $51,980,000 after purchasing an additional 413,577 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Zeta Global during the 3rd quarter valued at $5,644,000. Hodges Capital Management Inc. raised its stake in shares of Zeta Global by 163.1% in the 4th quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock worth $7,798,000 after buying an additional 268,710 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new stake in shares of Zeta Global in the third quarter valued at $1,752,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Zeta Global

In related news, CEO David Steinberg bought 53,676 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the purchase, the chief executive officer now directly owns 65,310 shares in the company, valued at $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Imran Khan acquired 55,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $18.96 per share, for a total transaction of $1,042,800.00. Following the acquisition, the director now owns 55,000 shares in the company, valued at approximately $1,042,800. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 129,901 shares of company stock worth $2,471,244 in the last 90 days. 25.54% of the stock is owned by company insiders.

Zeta Global Stock Performance

Shares of ZETA stock opened at $21.24 on Friday. Zeta Global Holdings Corp. has a 12 month low of $9.35 and a 12 month high of $38.20. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $19.68 and its two-hundred day moving average is $23.82.

Zeta Global (NYSE:ZETA) last posted its 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). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. During the same quarter in the previous year, the business posted ($0.27) earnings per share. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. Sell-side analysts predict that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ZETA has been the subject of a number of research analyst reports. Oppenheimer upped their price target on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. The Goldman Sachs Group assumed coverage on shares of Zeta Global in a research note on Wednesday, December 11th. They set a “neutral” rating and a $30.00 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $43.00 price target on shares of Zeta Global in a research report on Thursday, January 16th. DA Davidson upped their price target on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Canaccord Genuity Group raised their price objective on Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Zeta Global has a consensus rating of “Moderate Buy” and an average price target of $37.43.

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.