Swiss National Bank Cuts Stock Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Swiss National Bank decreased its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 314,800 shares of the company’s stock after selling 1,900 shares during the quarter. Swiss National Bank’s holdings in Zeta Global were worth $9,390,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Empowered Funds LLC bought a new position in Zeta Global in the 3rd quarter worth about $5,644,000. Principal Financial Group Inc. lifted its stake in shares of Zeta Global by 512.3% in the third quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock worth $4,059,000 after buying an additional 113,838 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Zeta Global during the third quarter valued at approximately $1,128,000. Harbour Capital Advisors LLC bought a new stake in shares of Zeta Global during the third quarter valued at approximately $769,000. Finally, Riggs Asset Managment Co. Inc. lifted its position in Zeta Global by 142.0% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 75,999 shares of the company’s stock valued at $2,267,000 after acquiring an additional 44,596 shares in the last quarter. 75.82% of the stock is owned by institutional investors.

Zeta Global Stock Performance

NYSE:ZETA opened at $22.38 on Monday. The stock has a 50-day simple moving average of $28.11 and a two-hundred day simple moving average of $22.90. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. Zeta Global Holdings Corp. has a 52-week low of $7.65 and a 52-week high of $38.20. The firm has a market capitalization of $5.31 billion, a PE ratio of -31.97 and a beta of 1.29.

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

Insider Transactions at Zeta Global

In other Zeta Global news, COO Steven H. Gerber acquired 13,250 shares of the stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $18.55 per share, for a total transaction of $245,787.50. Following the completion of the transaction, the chief operating officer now directly owns 2,940,811 shares of the company’s stock, valued at approximately $54,552,044.05. The trade was a 0.45 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Christopher E. Greiner bought 7,975 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $18.80 per share, with a total value of $149,930.00. Following the transaction, the chief financial officer now directly owns 2,330,010 shares of the company’s stock, valued at $43,804,188. This represents a 0.34 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 129,901 shares of company stock valued at $2,471,244 over the last three months. Corporate insiders own 25.54% of the company’s stock.

Analyst Upgrades and Downgrades

ZETA has been the subject of a number of research analyst reports. Canaccord Genuity Group lifted their target price on Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. DA Davidson boosted their target price on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. B. Riley raised their price target on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Truist Financial reissued a “buy” rating and set a $42.00 price objective (up from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Finally, Roth Mkm raised their target price on shares of Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

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.