22,986 Shares in Zeta Global Holdings Corp. (NASDAQ:ZETA) Bought by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,986 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Insight Wealth Strategies LLC acquired a new position in Zeta Global during the fourth quarter worth $922,000. Moody National Bank Trust Division raised its position in Zeta Global by 25.3% during the fourth quarter. Moody National Bank Trust Division now owns 342,887 shares of the company’s stock worth $3,024,000 after acquiring an additional 69,132 shares during the period. Mesirow Financial Investment Management Inc. acquired a new position in Zeta Global during the fourth quarter worth $352,000. Vanguard Group Inc. raised its position in Zeta Global by 6.6% during the third quarter. Vanguard Group Inc. now owns 15,915,616 shares of the company’s stock worth $132,895,000 after acquiring an additional 991,678 shares during the period. Finally, Deutsche Bank AG raised its position in Zeta Global by 15.0% during the third quarter. Deutsche Bank AG now owns 71,459 shares of the company’s stock worth $597,000 after acquiring an additional 9,347 shares during the period. 75.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ZETA. Morgan Stanley upgraded shares of Zeta Global from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $12.00 to $17.00 in a research report on Thursday, April 4th. Needham & Company LLC restated a “buy” rating and set a $13.00 price objective on shares of Zeta Global in a research report on Wednesday, February 28th. DA Davidson initiated coverage on shares of Zeta Global in a research report on Wednesday, April 3rd. They set a “buy” rating and a $15.00 price objective for the company. Barclays increased their target price on shares of Zeta Global from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Finally, William Blair reiterated an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 28th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Zeta Global has an average rating of “Buy” and an average target price of $15.00.

Zeta Global Price Performance

Shares of NASDAQ ZETA opened at $11.96 on Friday. The firm has a 50-day simple moving average of $10.63 and a 200-day simple moving average of $9.33. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of -9.88 and a beta of 1.20. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.02. Zeta Global Holdings Corp. has a 52 week low of $7.24 and a 52 week high of $12.45.

Zeta Global (NASDAQ:ZETA) last issued its earnings results on Tuesday, February 27th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.36). Zeta Global had a negative net margin of 25.73% and a negative return on equity of 123.59%. The business had revenue of $210.00 million during the quarter, compared to analyst estimates of $207.53 million. During the same quarter last year, the company earned ($0.36) earnings per share. Zeta Global’s quarterly revenue was up 19.9% on a year-over-year basis. On average, equities analysts predict that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current fiscal year.

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.