Oppenheimer & Co. Inc. Purchases Shares of 37,809 Zeta Global Holdings Corp. (NYSE:ZETA)

Oppenheimer & Co. Inc. purchased a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) during the third quarter, according to its most recent filing with the SEC. The fund purchased 37,809 shares of the company’s stock, valued at approximately $1,128,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Victory Capital Management Inc. increased its holdings in Zeta Global by 229.9% in the 3rd quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock valued at $2,048,000 after acquiring an additional 47,849 shares during the last quarter. Versor Investments LP bought a new stake in shares of Zeta Global in the 3rd quarter worth about $406,000. Lisanti Capital Growth LLC bought a new stake in shares of Zeta Global in the 3rd quarter worth about $9,519,000. Los Angeles Capital Management LLC bought a new stake in shares of Zeta Global in the 3rd quarter worth about $448,000. Finally, Covestor Ltd increased its holdings in shares of Zeta Global by 2,902.0% in the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after buying an additional 1,451 shares during the last quarter. 75.82% of the stock is currently owned by institutional investors.

Insider Activity

In other Zeta Global news, Director Imran Khan acquired 55,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the completion of the purchase, the director now owns 55,000 shares in the company, valued at approximately $1,042,800. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Steven H. Gerber acquired 13,250 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $18.55 per share, for a total transaction of $245,787.50. Following the completion of the purchase, the chief operating officer now owns 2,940,811 shares of the company’s stock, valued at approximately $54,552,044.05. This represents a 0.45 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 129,901 shares of company stock worth $2,471,244. Corporate insiders own 25.54% of the company’s stock.

Zeta Global Price Performance

Shares of ZETA stock opened at $19.58 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The company has a market capitalization of $4.31 billion, a P/E ratio of -27.97 and a beta of 1.29. The company’s 50-day simple moving average is $28.44 and its two-hundred day simple moving average is $22.67. Zeta Global Holdings Corp. has a one year low of $7.65 and a one year high of $38.20.

Zeta Global (NYSE:ZETA) last issued its earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The company had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. Zeta Global’s revenue was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.27) earnings per share. As a group, equities analysts anticipate that Zeta Global Holdings Corp. will post -0.45 EPS for the current year.

Analyst Upgrades and Downgrades

ZETA has been the topic of a number of research reports. KeyCorp downgraded shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Morgan Stanley reduced their target price on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday. Needham & Company LLC boosted their target price on shares of Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Oppenheimer boosted their target price on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Craig Hallum lifted their price target on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.08.

About Zeta Global

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.