Zeta Global Holdings Corp. (NYSE:ZETA) Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. lessened its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 53.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 164,763 shares of the company’s stock after selling 185,640 shares during the period. Hodges Capital Management Inc.’s holdings in Zeta Global were worth $4,915,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ZETA. National Bank of Canada FI acquired a new stake in shares of Zeta Global during the third quarter worth $734,000. State Street Corp increased its position in shares of Zeta Global by 12.2% in the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after acquiring an additional 455,944 shares during the period. HighTower Advisors LLC raised its stake in Zeta Global by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after acquiring an additional 892 shares during the last quarter. Hilltop Holdings Inc. acquired a new stake in Zeta Global during the 3rd quarter worth about $571,000. Finally, JAT Capital Mgmt LP purchased a new stake in Zeta Global during the 3rd quarter valued at about $2,520,000. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Zeta Global Trading Up 1.5 %

Shares of Zeta Global stock opened at $26.18 on Friday. Zeta Global Holdings Corp. has a twelve month low of $7.65 and a twelve month high of $38.20. The firm’s 50-day moving average price is $26.94 and its 200 day moving average price is $23.28. 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 firm has a market capitalization of $6.22 billion, a PE ratio of -37.40 and a beta of 1.12.

Zeta Global (NYSE:ZETA) last issued 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). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. During the same period in the prior year, the firm earned ($0.27) earnings per share. The business’s revenue was up 42.0% on a year-over-year basis. On average, sell-side analysts predict that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Insider Transactions at Zeta Global

In related news, CEO David Steinberg acquired 53,676 shares of Zeta Global stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the transaction, the chief executive officer now owns 65,310 shares in the company, valued at $1,256,564.40. This represents a 461.37 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Steven H. Gerber bought 13,250 shares of the company’s stock in a transaction on Monday, November 18th. The stock was bought at an average price of $18.55 per share, with a total value of $245,787.50. Following the completion of the acquisition, the chief operating officer now owns 2,940,811 shares in the company, 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. Insiders acquired 129,901 shares of company stock valued at $2,471,244 over the last 90 days. 25.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays raised their price objective 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. Needham & Company LLC raised their price target on shares of Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Royal Bank of Canada upped their price objective on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Canaccord Genuity Group raised their target price on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Truist Financial restated a “buy” rating and set a $42.00 target price (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Zeta Global currently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

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.