Allspring Global Investments Holdings LLC Sells 21,530 Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) by 42.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,733 shares of the company’s stock after selling 21,530 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Zeta Global were worth $254,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. purchased a new stake in shares of Zeta Global in the first quarter worth about $27,000. Macquarie Group Ltd. purchased a new stake in shares of Zeta Global in the fourth quarter worth about $29,000. Tower Research Capital LLC TRC raised its stake in Zeta Global by 105.6% in the first quarter. Tower Research Capital LLC TRC now owns 2,932 shares of the company’s stock valued at $32,000 after purchasing an additional 1,506 shares in the last quarter. Legal & General Group Plc purchased a new stake in Zeta Global in the second quarter valued at approximately $39,000. Finally, Point72 Middle East FZE purchased a new stake in Zeta Global in the fourth quarter valued at approximately $59,000. Institutional investors own 41.77% of the company’s stock.

Zeta Global Price Performance

ZETA opened at $8.24 on Friday. Zeta Global Holdings Corp. has a 12-month low of $7.24 and a 12-month high of $11.28. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.23. The business’s fifty day simple moving average is $8.15 and its 200-day simple moving average is $8.43. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -6.10 and a beta of 1.27.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings data on Wednesday, November 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.36). The firm had revenue of $189.00 million during the quarter, compared to analysts’ expectations of $178.89 million. Zeta Global had a negative return on equity of 147.58% and a negative net margin of 29.41%. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.50) earnings per share. On average, equities research analysts anticipate that Zeta Global Holdings Corp. will post -1.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZETA has been the topic of a number of recent analyst reports. Barclays raised their target price on shares of Zeta Global from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Thursday, September 28th. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research report on Thursday, November 2nd. Needham & Company LLC reiterated a “buy” rating and set a $13.00 price target on shares of Zeta Global in a research report on Monday, October 2nd. Finally, Morgan Stanley reduced their price target on shares of Zeta Global from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.50.

Insider Buying and Selling

In other Zeta Global news, SVP Satish Ravella sold 5,000 shares of Zeta Global stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $9.00, for a total value of $45,000.00. Following the completion of the transaction, the senior vice president now directly owns 225,141 shares of the company’s stock, valued at approximately $2,026,269. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 14,593 shares of company stock worth $121,162. 36.14% of the stock is owned by corporate insiders.

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.