Mill Creek Capital Advisors LLC Acquires Shares of 219,789 Zeta Global Holdings Corp. (NYSE:ZETA)

Mill Creek Capital Advisors LLC acquired a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 219,789 shares of the company’s stock, valued at approximately $3,954,000. Mill Creek Capital Advisors LLC owned about 0.09% of Zeta Global as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ZETA. Lord Abbett & CO. LLC lifted its holdings in shares of Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after buying an additional 2,623,980 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Zeta Global by 18.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after buying an additional 674,192 shares during the period. State Street Corp lifted its holdings in shares of Zeta Global by 12.2% in the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after buying an additional 455,944 shares during the period. FMR LLC lifted its holdings in shares of Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after buying an additional 3,557,119 shares during the period. Finally, Summit Partners Public Asset Management LLC lifted its holdings in shares of Zeta Global by 210.4% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after buying an additional 1,703,679 shares during the period. Institutional investors own 87.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ZETA. Craig Hallum upped their target price on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. KeyCorp cut Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Barclays upped their price objective on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Needham & Company LLC restated a “buy” rating and set a $43.00 price objective on shares of Zeta Global in a research note on Thursday, January 16th. Finally, Oppenheimer upped their price objective on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zeta Global presently has an average rating of “Moderate Buy” and an average price target of $37.43.

Insider Buying and Selling

In other Zeta Global news, COO Steven H. Gerber purchased 13,250 shares of the stock in a transaction on Monday, November 18th. The shares were bought at an average price of $18.55 per share, for a total transaction of $245,787.50. Following the completion of the transaction, the chief operating officer now owns 2,940,811 shares of the company’s stock, valued at $54,552,044.05. This trade represents a 0.45 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David Steinberg bought 53,676 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the transaction, the chief executive officer now owns 65,310 shares of the company’s stock, valued at approximately $1,256,564.40. This represents a 461.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 129,901 shares of company stock valued at $2,471,244 over the last ninety days. Company insiders own 25.54% of the company’s stock.

Zeta Global Stock Up 1.9 %

Zeta Global stock opened at $21.64 on Tuesday. Zeta Global Holdings Corp. has a 52 week low of $9.35 and a 52 week high of $38.20. The business’s 50-day moving average price is $19.63 and its 200 day moving average price is $23.87. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Zeta Global (NYSE:ZETA) last posted its earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). The company had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm’s revenue was up 42.0% on a year-over-year basis. During the same period last year, the business earned ($0.27) earnings per share. Sell-side analysts predict that Zeta Global Holdings Corp. will post -0.16 EPS 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.