Hilltop Holdings Inc. Purchases New Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Hilltop Holdings Inc. acquired a new position in Zeta Global Holdings Corp. (NYSE:ZETA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,150 shares of the company’s stock, valued at approximately $571,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC bought a new position in Zeta Global during the third quarter valued at about $26,000. Quest Partners LLC increased its holdings in shares of Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after acquiring an additional 2,183 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Zeta Global by 3,885.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after acquiring an additional 1,360 shares in the last quarter. Covestor Ltd lifted its holdings in Zeta Global by 2,902.0% in the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after purchasing an additional 1,136 shares during the period. Institutional investors own 75.82% of the company’s stock.

Wall Street Analysts Forecast Growth

ZETA has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, November 15th. DA Davidson lifted their target price on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Truist Financial restated a “buy” rating and set a $42.00 price target (up from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. KeyCorp lowered Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Finally, Craig Hallum increased their target price on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.00.

Zeta Global Stock Performance

ZETA opened at $25.79 on Friday. Zeta Global Holdings Corp. has a 1 year low of $7.65 and a 1 year 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 stock’s 50 day simple moving average is $27.08 and its 200-day simple moving average is $23.17. The stock has a market cap of $6.12 billion, a PE ratio of -36.84 and a beta of 1.12.

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 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 business had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. During the same period last year, the firm earned ($0.27) EPS. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. Sell-side analysts forecast that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

Insider Buying and Selling at Zeta Global

In other news, COO Steven H. Gerber purchased 13,250 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $18.55 per share, with a total value of $245,787.50. Following the acquisition, the chief operating officer now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Imran Khan acquired 55,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the completion of the purchase, the director now directly owns 55,000 shares of the company’s stock, valued at approximately $1,042,800. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is currently owned by corporate insiders.

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.