Victory Capital Management Inc. Grows Stock Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Victory Capital Management Inc. lifted its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 229.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 68,660 shares of the company’s stock after acquiring an additional 47,849 shares during the quarter. Victory Capital Management Inc.’s holdings in Zeta Global were worth $2,048,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its stake in Zeta Global by 512.3% in the third quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock valued at $4,059,000 after purchasing an additional 113,838 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Zeta Global in the 3rd quarter valued at $769,000. Riggs Asset Managment Co. Inc. increased its stake in shares of Zeta Global by 142.0% in the third quarter. Riggs Asset Managment Co. Inc. now owns 75,999 shares of the company’s stock worth $2,267,000 after acquiring an additional 44,596 shares during the period. Stephens Inc. AR purchased a new position in shares of Zeta Global during the third quarter worth $1,634,000. Finally, Stephens Investment Management Group LLC acquired a new position in Zeta Global during the third quarter valued at $7,676,000. 75.82% of the stock is currently owned by institutional investors.

Zeta Global Stock Up 3.0 %

Shares of ZETA opened at $22.38 on Monday. The stock has a 50 day moving average price of $28.11 and a 200 day moving average price of $22.90. Zeta Global Holdings Corp. has a one year low of $7.65 and a one year high of $38.20. 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 stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of -31.97 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last released its 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). The business had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. Zeta Global’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.27) EPS. Equities research analysts forecast that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ZETA. Canaccord Genuity Group lifted their price objective on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley reduced their price target on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a research report on Friday, November 15th. Roth Mkm raised their price objective on shares of Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. DA Davidson boosted their target price on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Bank of America raised their price target on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Three investment 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Insider Activity

In other Zeta Global news, COO Steven H. Gerber purchased 13,250 shares of the stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $18.55 per share, for a total transaction of $245,787.50. Following the acquisition, the chief operating officer now owns 2,940,811 shares in the company, valued at $54,552,044.05. This trade represents a 0.45 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christopher E. Greiner acquired 7,975 shares of Zeta Global stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the acquisition, the chief financial officer now owns 2,330,010 shares in the company, valued at $43,804,188. This trade represents a 0.34 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is currently owned by insiders.

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.