Zeta Global Holdings Corp. (NYSE:ZETA) Shares Sold by Regal Investment Advisors LLC

Regal Investment Advisors LLC trimmed its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 5.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,519 shares of the company’s stock after selling 3,096 shares during the period. Regal Investment Advisors LLC’s holdings in Zeta Global were worth $927,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors acquired a new stake in shares of Zeta Global during the fourth quarter worth $23,560,000. Ophir Asset Management Pty Ltd acquired a new stake in Zeta Global during the fourth quarter worth about $19,682,000. D. E. Shaw & Co. Inc. lifted its holdings in Zeta Global by 1,444.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after acquiring an additional 1,728,005 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Zeta Global in the second quarter valued at approximately $28,698,000. Finally, Granahan Investment Management LLC grew its holdings in shares of Zeta Global by 15.3% during the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after purchasing an additional 1,076,208 shares during the last quarter. 75.82% of the stock is owned by institutional investors.

Zeta Global Stock Performance

Shares of NYSE ZETA opened at $29.67 on Wednesday. Zeta Global Holdings Corp. has a 1 year low of $7.38 and a 1 year high of $32.11. The firm has a market cap of $6.53 billion, a P/E ratio of -27.99 and a beta of 1.26. The stock has a fifty day moving average price of $25.26 and a two-hundred day moving average price of $18.63. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98.

Zeta Global (NYSE:ZETA) last announced its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. During the same period in the prior year, the business earned ($0.32) EPS. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. Research analysts forecast that Zeta Global Holdings Corp. will post -0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ZETA. Morgan Stanley lowered Zeta Global from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $18.00 to $30.00 in a research report on Thursday, August 1st. Barclays upped their price target on shares of Zeta Global from $18.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Canaccord Genuity Group lifted their price objective on shares of Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 6th. B. Riley upped their target price on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday. Finally, DA Davidson lifted their price target on Zeta Global from $30.00 to $35.00 and gave the company a “buy” rating in a report on Monday, September 23rd. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $34.25.

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.