Oppenheimer & Co. Inc. Purchases New Shares in Zeta Global Holdings Corp. (NYSE:ZETA)

Oppenheimer & Co. Inc. bought a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 37,809 shares of the company's stock, valued at approximately $1,128,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Zeta Global by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company's stock valued at $182,723,000 after buying an additional 431,077 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Zeta Global by 2.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company's stock valued at $33,125,000 after acquiring an additional 77,962 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Zeta Global by 85.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company's stock valued at $35,635,000 after acquiring an additional 929,800 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Zeta Global by 1,444.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company's stock valued at $32,610,000 after acquiring an additional 1,728,005 shares in the last quarter. Finally, Bwcp LP raised its position in shares of Zeta Global by 6.2% during the 2nd quarter. Bwcp LP now owns 1,805,867 shares of the company's stock valued at $31,874,000 after acquiring an additional 106,034 shares in the last quarter. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Stock Performance

Shares of ZETA traded up $2.46 during trading hours on Tuesday, reaching $22.04. 14,780,229 shares of the company's stock traded hands, compared to its average volume of 3,227,594. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of -31.46 and a beta of 1.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global Holdings Corp. has a twelve month low of $7.65 and a twelve month high of $38.20. The business's fifty day simple moving average is $28.44 and its two-hundred day simple moving average is $22.67.

Zeta Global (NYSE:ZETA - Get Free Report) last announced its 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). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The firm had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. During the same period in the prior year, the business earned ($0.27) EPS. The company's quarterly revenue was up 42.0% compared to the same quarter last year. Analysts predict that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current year.

Insider Activity at Zeta Global

In related 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 acquired at an average price of $18.55 per share, for a total transaction of $245,787.50. Following the transaction, the chief operating officer now directly 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 acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David Steinberg purchased 53,676 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the transaction, the chief executive officer now directly owns 65,310 shares in the company, valued at $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 129,901 shares of company stock valued at $2,471,244 over the last 90 days. 25.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Royal Bank of Canada upped their price target on Zeta Global from $33.00 to $37.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Morgan Stanley dropped their price target on Zeta Global from $41.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Friday. Barclays increased their target price 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. Needham & Company LLC increased their target price on Zeta Global from $36.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Finally, Oppenheimer increased their target price on Zeta Global from $33.00 to $42.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $39.08.

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.