Nordea Investment Management AB Makes New $2.44 Million Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

Nordea Investment Management AB bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 137,463 shares of the company’s stock, valued at approximately $2,444,000. Nordea Investment Management AB owned approximately 0.06% of Zeta Global at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Zeta Global by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock worth $37,015,000 after buying an additional 293,583 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Zeta Global by 512.3% in the 3rd quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock valued at $4,059,000 after acquiring an additional 113,838 shares during the period. Lord Abbett & CO. LLC raised its holdings in Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after acquiring an additional 2,623,980 shares during the period. Franklin Resources Inc. raised its holdings in Zeta Global by 86.0% in the 3rd quarter. Franklin Resources Inc. now owns 128,269 shares of the company’s stock valued at $3,984,000 after acquiring an additional 59,311 shares during the period. Finally, Virtu Financial LLC bought a new position in Zeta Global in the 3rd quarter valued at about $757,000. Institutional investors own 87.75% of the company’s stock.

Zeta Global Price Performance

Shares of NYSE ZETA opened at $17.32 on Friday. The firm’s 50-day moving average price is $21.99 and its 200-day moving average price is $23.80. Zeta Global Holdings Corp. has a 1-year low of $8.76 and a 1-year high of $38.20. The firm has a market capitalization of $4.11 billion, a P/E ratio of -24.74 and a beta of 1.17. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

Zeta Global (NYSE:ZETA) last posted 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 business had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. During the same quarter in the prior year, the company earned ($0.27) EPS. The company’s revenue was up 42.0% on a year-over-year basis. Equities research analysts anticipate that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ZETA shares. Canaccord Genuity Group increased their price target on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley lowered their target price on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, November 15th. Oppenheimer boosted their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Bank of America boosted their price objective 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. Finally, William Blair restated an “outperform” rating on shares of Zeta Global in a research report on Thursday, December 19th. Four research 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.64.

Insider Activity

In other Zeta Global news, CEO David Steinberg acquired 53,676 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $19.24 per share, with a total value of $1,032,726.24. Following the acquisition, the chief executive officer now owns 65,310 shares in the company, valued at approximately $1,256,564.40. This represents a 461.37 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Imran Khan bought 55,000 shares of the stock in a transaction on Monday, November 18th. The stock was purchased at an average price 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 in the company, valued at approximately $1,042,800. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 129,901 shares of company stock valued at $2,471,244 in the last three months. Company insiders own 25.54% of the company’s stock.

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.