Zeta Global Holdings Corp. (NYSE:ZETA) Position Trimmed by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 21.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,045,444 shares of the company’s stock after selling 571,400 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Zeta Global were worth $61,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its stake in Zeta Global by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 91,195 shares of the company’s stock valued at $997,000 after buying an additional 5,100 shares during the period. Juncture Wealth Strategies LLC acquired a new stake in Zeta Global during the second quarter valued at $363,000. SG Americas Securities LLC grew its stake in Zeta Global by 1,854.9% in the second quarter. SG Americas Securities LLC now owns 244,618 shares of the company’s stock valued at $4,318,000 after purchasing an additional 232,105 shares in the last quarter. M&G Plc acquired a new position in Zeta Global in the 2nd quarter worth about $9,955,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in shares of Zeta Global during the 2nd quarter valued at about $2,090,000. 75.82% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Stock Performance

NYSE ZETA opened at $24.01 on Tuesday. The company’s fifty day moving average is $27.38 and its two-hundred day moving average is $23.05. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of -34.30 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global Holdings Corp. has a 52-week low of $7.65 and a 52-week high of $38.20.

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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $252.68 million. During the same quarter in the prior year, the firm earned ($0.27) earnings per share. The company’s revenue was up 42.0% on a year-over-year basis. Equities research analysts forecast that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

Analyst Upgrades and Downgrades

ZETA has been the subject of several analyst reports. 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 note on Tuesday, October 1st. Bank of America upped their price target on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Royal Bank of Canada raised their price objective on Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Truist Financial reaffirmed a “buy” rating and set a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Finally, DA Davidson lifted their price target on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Three research 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’s stock. According to MarketBeat.com, Zeta Global has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Insider Activity at Zeta Global

In other Zeta Global news, CEO David Steinberg bought 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, with a total value of $1,032,726.24. Following the completion of the purchase, the chief executive officer now directly owns 65,310 shares in the company, valued at $1,256,564.40. The trade was a 461.37 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Steven H. Gerber purchased 13,250 shares of the business’s stock in a transaction on Monday, November 18th. The shares were acquired at an average price of $18.55 per share, with a total value of $245,787.50. Following the purchase, the chief operating officer now owns 2,940,811 shares of the company’s stock, valued at approximately $54,552,044.05. This trade represents a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 129,901 shares of company stock worth $2,471,244. 25.54% of the stock is owned by corporate insiders.

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.