Zeta Global Holdings Corp. $ZETA Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC raised its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 20.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 293,585 shares of the company’s stock after acquiring an additional 50,504 shares during the quarter. Park Avenue Securities LLC’s holdings in Zeta Global were worth $9,268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. raised its stake in shares of Zeta Global by 45.0% in the third quarter. Financial Management Professionals Inc. now owns 1,025 shares of the company’s stock worth $32,000 after acquiring an additional 318 shares during the last quarter. Signaturefd LLC lifted its position in shares of Zeta Global by 121.6% during the third quarter. Signaturefd LLC now owns 1,148 shares of the company’s stock worth $36,000 after purchasing an additional 630 shares in the last quarter. GK Wealth Management LLC acquired a new position in shares of Zeta Global during the third quarter worth approximately $37,000. Versant Capital Management Inc grew its stake in shares of Zeta Global by 54.9% during the third quarter. Versant Capital Management Inc now owns 1,340 shares of the company’s stock valued at $42,000 after purchasing an additional 475 shares during the last quarter. Finally, Polaris Financial Partners bought a new stake in shares of Zeta Global during the third quarter valued at approximately $56,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Price Performance

ZETA opened at $33.41 on Wednesday. The company has a market cap of $8.39 billion, a price-to-earnings ratio of -1,670.25 and a beta of 1.39. The firm has a 50 day simple moving average of $31.23 and a 200 day simple moving average of $22.42. Zeta Global Holdings Corp. has a fifty-two week low of $14.36 and a fifty-two week high of $35.75.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.17). The company had revenue of $442.77 million for the quarter, compared to analyst estimates of $420.61 million. During the same quarter in the prior year, the company earned ($0.10) EPS. Zeta Global’s revenue for the quarter was up 43.6% compared to the same quarter last year. As a group, analysts expect that Zeta Global Holdings Corp. will post 0.21 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ZETA. KeyCorp raised their price target on shares of Zeta Global from $27.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, October 9th. Canaccord Genuity Group boosted their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, October 9th. Truist Financial upped their price objective on Zeta Global from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, October 9th. Roth Capital restated a “buy” rating and set a $55.00 target price (up from $44.00) on shares of Zeta Global in a research report on Monday, October 12th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Zeta Global in a research note on Friday, October 9th. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.06.

Zeta Global Profile

Zeta Global Holdings Corp. is a technology company that provides data-driven marketing and customer experience solutions. Its platform combines consumer data, analytics, artificial intelligence and marketing automation to help brands acquire, engage and retain customers across digital and traditional channels.

The company’s offerings include the Zeta Marketing Platform, a technology suite designed to support audience identification, customer segmentation, campaign planning, personalization and measurement.