Barclays PLC Boosts Stock Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Barclays PLC lifted its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 36.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 420,518 shares of the company's stock after buying an additional 112,238 shares during the period. Barclays PLC owned about 0.19% of Zeta Global worth $12,544,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Wolff Wiese Magana LLC bought a new stake in Zeta Global during the 3rd quarter worth $26,000. Quest Partners LLC boosted its stake in shares of Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company's stock valued at $41,000 after purchasing an additional 2,183 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company's stock worth $42,000 after purchasing an additional 1,360 shares during the last quarter. Covestor Ltd increased its stake in shares of Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company's stock valued at $45,000 after buying an additional 1,451 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in Zeta Global by 104.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company's stock valued at $66,000 after buying an additional 1,136 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zeta Global news, CFO Christopher E. Greiner acquired 7,975 shares of the company's stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $18.80 per share, with a total value of $149,930.00. Following the completion of the purchase, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Imran Khan bought 55,000 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the transaction, the director now owns 55,000 shares of the company's stock, valued at $1,042,800. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is owned by company insiders.

Zeta Global Trading Down 3.6 %

Shares of NYSE:ZETA traded down $0.80 during mid-day trading on Monday, hitting $21.52. The company had a trading volume of 5,960,227 shares, compared to its average volume of 3,766,697. 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 one year low of $7.84 and a one year high of $38.20. The firm has a fifty day moving average price of $25.96 and a 200 day moving average price of $23.53. The company has a market capitalization of $5.11 billion, a PE ratio of -30.74 and a beta of 1.12.

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. As a group, research analysts forecast that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. DA Davidson boosted their target price on shares of Zeta Global from $39.00 to $42.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Roth Mkm boosted their price objective on shares of Zeta Global from $33.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, October 1st. Truist Financial restated a "buy" rating and issued a $42.00 price objective (up from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Morgan Stanley cut their target price on Zeta Global from $41.00 to $26.00 and set an "equal weight" rating on the stock in a report on Friday, November 15th. Finally, Bank of America increased their price target on Zeta Global from $30.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.86.

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.