Redwood Wealth Management Group LLC Invests $638,000 in Zeta Global Holdings Corp. (NYSE:ZETA)

Redwood Wealth Management Group LLC purchased a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 35,563 shares of the company's stock, valued at approximately $638,000.

Several other institutional investors have also recently bought and sold shares of ZETA. FMR LLC lifted its stake in shares of Zeta Global by 84,132.4% during the third quarter. FMR LLC now owns 3,561,347 shares of the company's stock valued at $106,235,000 after acquiring an additional 3,557,119 shares during the period. Lord Abbett & CO. LLC raised its stake in Zeta Global by 85.0% during 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. Summit Partners Public Asset Management LLC raised its holdings 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 buying an additional 1,703,679 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Zeta Global by 18.8% in the third quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company's stock valued at $127,302,000 after purchasing an additional 674,192 shares in the last quarter. Finally, State Street Corp boosted its position in Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company's stock worth $124,900,000 after acquiring an additional 455,944 shares during the last quarter. Institutional investors own 87.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Oppenheimer lifted their target price on Zeta Global from $33.00 to $42.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Canaccord Genuity Group lifted their target price on shares of 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 shares of Zeta Global from $39.00 to $42.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Barclays lifted their price target on shares of Zeta Global from $28.00 to $32.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 13th. Finally, William Blair reaffirmed an "outperform" rating on shares of Zeta Global in a report on Thursday, December 19th. 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $37.43.

Zeta Global Trading Up 1.3 %

NYSE ZETA traded up $0.28 during mid-day trading on Friday, reaching $21.24. 6,944,709 shares of the stock were exchanged, compared to its average volume of 3,839,328. The stock has a market cap of $5.04 billion, a P/E ratio of -30.34, a P/E/G ratio of 1.54 and a beta of 1.17. 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 stock has a 50 day simple moving average of $19.68 and a 200-day simple moving average of $23.82. Zeta Global Holdings Corp. has a one year low of $9.35 and a one year high of $38.20.

Zeta Global (NYSE:ZETA - Get Free Report) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate 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 net margin of 13.35% and a negative return on equity of 45.22%. The company's revenue for the quarter was up 42.0% on a year-over-year basis. During the same period last year, the firm posted ($0.27) earnings per share. On average, analysts anticipate that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

Insider Activity at Zeta Global

In other Zeta Global news, COO Steven H. Gerber purchased 13,250 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $18.55 per share, with a total value 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. The trade was a 0.45 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Christopher E. Greiner acquired 7,975 shares of the business's stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the transaction, the chief financial officer now owns 2,330,010 shares of the company's stock, valued at approximately $43,804,188. The trade was a 0.34 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is owned by company insiders.

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.