Penn Capital Management Company LLC Raises Position in Zeta Global Holdings Corp. $ZETA

Penn Capital Management Company LLC grew its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 5.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 824,085 shares of the company’s stock after buying an additional 42,399 shares during the period. Zeta Global makes up about 1.3% of Penn Capital Management Company LLC’s investment portfolio, making the stock its 22nd largest holding. Penn Capital Management Company LLC owned about 0.34% of Zeta Global worth $16,811,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ZETA. Cornerstone Planning Group LLC raised its holdings in Zeta Global by 3,150.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock worth $26,000 after buying an additional 1,260 shares during the last quarter. Binnacle Investments Inc purchased a new position in Zeta Global in the third quarter worth about $30,000. United Community Bank purchased a new position in Zeta Global in the fourth quarter worth about $31,000. National Bank of Canada FI raised its holdings in shares of Zeta Global by 223.1% during the third quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock valued at $36,000 after purchasing an additional 1,267 shares during the last quarter. Finally, Optiver Holding B.V. raised its holdings in shares of Zeta Global by 97.1% during the third quarter. Optiver Holding B.V. now owns 2,940 shares of the company’s stock valued at $58,000 after purchasing an additional 1,448 shares during the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on ZETA. Bank of America began coverage on shares of Zeta Global in a report on Tuesday, May 19th. They set a “buy” rating and a $24.00 price objective for the company. KeyCorp raised shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a report on Tuesday, April 28th. The Goldman Sachs Group boosted their price objective on shares of Zeta Global from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Royal Bank Of Canada boosted their price objective on shares of Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, B. Riley Financial reissued a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Zeta Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.83.

Zeta Global Stock Up 4.8%

Shares of ZETA stock opened at $19.69 on Wednesday. Zeta Global Holdings Corp. has a 12 month low of $12.10 and a 12 month high of $24.90. The stock has a market cap of $4.81 billion, a P/E ratio of -179.00, a P/E/G ratio of 2.93 and a beta of 1.29. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The company has a 50 day simple moving average of $17.04 and a two-hundred day simple moving average of $18.19.

Zeta Global (NYSE:ZETA) last announced its earnings results on Tuesday, February 24th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Zeta Global had a negative net margin of 1.62% and a positive return on equity of 2.91%. The business had revenue of $394.64 million during the quarter, compared to analysts’ expectations of $378.09 million. During the same period in the prior year, the company earned $0.06 earnings per share. The firm’s revenue was up 25.4% on a year-over-year basis. On average, research analysts expect that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current year.

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.