JAT Capital Mgmt LP Acquires Shares of 84,487 Zeta Global Holdings Corp. (NYSE:ZETA)

JAT Capital Mgmt LP purchased a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 84,487 shares of the company’s stock, valued at approximately $2,520,000. Zeta Global makes up about 0.4% of JAT Capital Mgmt LP’s portfolio, making the stock its 29th biggest holding.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC purchased a new stake in Zeta Global in the 3rd quarter valued at $5,644,000. Qsemble Capital Management LP bought a new position in shares of Zeta Global during the third quarter valued at about $1,752,000. Victory Capital Management Inc. boosted its holdings in Zeta Global by 229.9% during the third quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock worth $2,048,000 after purchasing an additional 47,849 shares during the last quarter. Principal Financial Group Inc. grew its position in Zeta Global by 512.3% in the 3rd quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock worth $4,059,000 after purchasing an additional 113,838 shares in the last quarter. Finally, Jennison Associates LLC bought a new stake in Zeta Global during the third quarter worth $1,074,000. Institutional investors own 75.82% of the company’s stock.

Zeta Global Stock Up 5.6 %

NYSE ZETA opened at $21.33 on Friday. 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 52-week low of $7.65 and a 52-week high of $38.20. The company has a fifty day moving average of $27.54 and a 200-day moving average of $22.93.

Zeta Global (NYSE:ZETA) last issued its earnings results 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). 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 analysts’ expectations of $252.68 million. During the same period in the prior year, the company earned ($0.27) EPS. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. On average, research analysts forecast that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Zeta Global

In related news, CEO David Steinberg bought 53,676 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $19.24 per share, with a total value of $1,032,726.24. Following the completion of the purchase, the chief executive officer now owns 65,310 shares in the company, valued at approximately $1,256,564.40. The trade was a 461.37 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Christopher E. Greiner purchased 7,975 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price 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 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 in the last 90 days. Insiders own 25.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ZETA shares. Needham & Company LLC increased their price target on shares of Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Roth Mkm boosted their price objective on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Bank of America increased their target price on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Craig Hallum upped their price target on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Truist Financial reiterated a “buy” rating and issued a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research note 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $38.00.

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.