HighTower Advisors LLC Grows Position in Zeta Global Holdings Corp. (NYSE:ZETA)

HighTower Advisors LLC grew its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,383 shares of the company’s stock after purchasing an additional 892 shares during the period. HighTower Advisors LLC’s holdings in Zeta Global were worth $668,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wolff Wiese Magana LLC acquired a new position in Zeta Global during the third quarter valued at approximately $26,000. Quest Partners LLC raised its stake in shares of Zeta Global by 1,718.9% in 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 period. Farther Finance Advisors LLC lifted its holdings in shares of Zeta Global by 3,885.7% during 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 boosted its position in Zeta Global by 2,902.0% during 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 period. Finally, Advisors Asset Management Inc. increased its holdings in Zeta Global by 104.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after purchasing an additional 1,136 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Canaccord Genuity Group boosted their price objective on Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. William Blair restated an “outperform” rating on shares of Zeta Global in a report on Thursday. Barclays lifted their price objective on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. DA Davidson upped 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, B. Riley raised their price target on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Four 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.86.

Insider Activity at Zeta Global

In other Zeta Global news, CFO Christopher E. Greiner purchased 7,975 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $18.80 per share, with a total value of $149,930.00. Following the acquisition, the chief financial officer now owns 2,330,010 shares of the company’s stock, valued at approximately $43,804,188. This represents a 0.34 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Steven H. Gerber acquired 13,250 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $18.55 per share, for a total transaction of $245,787.50. Following the purchase, the chief operating officer now owns 2,940,811 shares of the company’s stock, valued at $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. In the last ninety days, insiders have bought 129,901 shares of company stock valued at $2,471,244. Corporate insiders own 25.54% of the company’s stock.

Zeta Global Price Performance

ZETA opened at $19.07 on Friday. The company has a market capitalization of $4.53 billion, a P/E ratio of -27.24 and a beta of 1.12. The company has a 50-day moving average of $25.21 and a 200-day moving average of $23.49. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. Zeta Global Holdings Corp. has a 1-year low of $7.84 and a 1-year high of $38.20.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share 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 during the quarter, compared to the consensus estimate of $252.68 million. During the same period in the prior year, the firm earned ($0.27) earnings per share. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. Equities analysts expect 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.