Zeta Global Holdings Corp. (NYSE:ZETA) Shares Sold by Portolan Capital Management LLC

Portolan Capital Management LLC lessened its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 26.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,405,132 shares of the company’s stock after selling 514,058 shares during the period. Zeta Global makes up approximately 3.0% of Portolan Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. Portolan Capital Management LLC’s holdings in Zeta Global were worth $41,915,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Juncture Wealth Strategies LLC increased its position in Zeta Global by 3.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock worth $633,000 after purchasing an additional 634 shares in the last quarter. Essex Investment Management Co. LLC increased its position in Zeta Global by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock worth $9,137,000 after purchasing an additional 856 shares in the last quarter. Wolff Wiese Magana LLC purchased a new stake in Zeta Global during the 3rd quarter worth about $26,000. HighTower Advisors LLC increased its position in Zeta Global by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after purchasing an additional 892 shares in the last quarter. Finally, Amalgamated Bank increased its position in Zeta Global by 20.0% during the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after purchasing an additional 948 shares in the last quarter. Institutional investors and hedge funds own 75.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ZETA. Truist Financial reiterated a “buy” rating and set a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Canaccord Genuity Group increased their price objective 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. DA Davidson increased their price objective 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. Oppenheimer increased their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, B. Riley increased their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Insider Buying and Selling

In related news, COO Steven H. Gerber acquired 13,250 shares of the company’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $18.55 per share, for a total transaction of $245,787.50. Following the completion of the purchase, the chief operating officer now directly owns 2,940,811 shares of the company’s stock, valued at $54,552,044.05. The trade was a 0.45 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christopher E. Greiner bought 7,975 shares of Zeta Global stock in a transaction dated 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 directly owns 2,330,010 shares in the company, valued at $43,804,188. This represents a 0.34 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 129,901 shares of company stock valued at $2,471,244 over the last ninety days. 25.54% of the stock is owned by company insiders.

Zeta Global Stock Performance

Shares of NYSE:ZETA opened at $23.93 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The business has a 50 day moving average price of $27.28 and a 200 day moving average price of $23.10. Zeta Global Holdings Corp. has a twelve month low of $7.65 and a twelve month high of $38.20.

Zeta Global (NYSE:ZETA) last released its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share 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 for the quarter, compared to analyst estimates of $252.68 million. During the same period last year, the business earned ($0.27) earnings per share. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. As a group, equities analysts predict that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

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.