National Bank of Canada FI Acquires Shares of 24,609 Zeta Global Holdings Corp. (NYSE:ZETA)

National Bank of Canada FI bought a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 24,609 shares of the company's stock, valued at approximately $734,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp boosted its holdings in shares of Zeta Global by 12.2% in the third quarter. State Street Corp now owns 4,187,052 shares of the company's stock valued at $124,900,000 after acquiring an additional 455,944 shares during the period. FMR LLC raised its position in Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company's stock valued at $106,235,000 after purchasing an additional 3,557,119 shares during the last quarter. Summit Partners Public Asset Management LLC boosted its stake in Zeta Global by 210.4% during 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 purchasing an additional 1,703,679 shares during the period. Renaissance Technologies LLC grew its position in Zeta Global by 85.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company's stock worth $35,635,000 after purchasing an additional 929,800 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in Zeta Global by 1,444.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company's stock valued at $32,610,000 after purchasing an additional 1,728,005 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO David Steinberg bought 53,676 shares of Zeta Global stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the acquisition, the chief executive officer now owns 65,310 shares in the company, valued at approximately $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Christopher E. Greiner purchased 7,975 shares of the stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $18.80 per share, with a total value of $149,930.00. Following the completion of the acquisition, the chief financial officer now owns 2,330,010 shares of the company's stock, valued at approximately $43,804,188. This represents a 0.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 129,901 shares of company stock worth $2,471,244 in the last ninety days. Insiders own 25.54% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group started coverage on shares of Zeta Global in a research note on Wednesday. They set a "neutral" rating and a $30.00 target price for the company. Barclays increased their price objective on Zeta Global from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. KeyCorp lowered Zeta Global from an "overweight" rating to a "sector weight" rating in a report on Thursday, November 14th. Royal Bank of Canada restated an "outperform" rating and set a $43.00 price target on shares of Zeta Global in a research note on Tuesday, December 10th. Finally, Morgan Stanley lowered their price objective on shares of Zeta Global from $41.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Friday, November 15th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $37.86.

Zeta Global Price Performance

NYSE ZETA traded up $0.59 during mid-day trading on Friday, hitting $22.32. The stock had a trading volume of 5,929,834 shares, compared to its average volume of 11,790,819. The company has a 50 day simple moving average of $26.13 and a 200 day simple moving average of $23.49. The company has a market cap of $5.30 billion, a price-to-earnings ratio of -31.89 and a beta of 1.12. Zeta Global Holdings Corp. has a 52-week low of $7.84 and a 52-week high of $38.20. 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 - Get Free Report) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. During the same period last year, the firm earned ($0.27) EPS. The company's quarterly revenue was up 42.0% compared to the same quarter last year. Equities analysts forecast that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

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.