Franklin Resources Inc. Acquires 59,311 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Franklin Resources Inc. raised its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 86.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 128,269 shares of the company's stock after purchasing an additional 59,311 shares during the period. Franklin Resources Inc. owned approximately 0.05% of Zeta Global worth $3,984,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wolff Wiese Magana LLC bought a new position in shares of Zeta Global during the 3rd quarter worth approximately $26,000. Quest Partners LLC increased its position 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 acquiring an additional 2,183 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in 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 acquiring an additional 1,360 shares during the period. Covestor Ltd boosted its position in Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company's stock worth $45,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in Zeta Global by 104.1% during the third 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 period. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Trading Up 0.1 %

Shares of NYSE:ZETA traded up $0.01 during midday trading on Wednesday, hitting $18.74. 3,115,951 shares of the stock traded hands, compared to its average volume of 3,837,683. The business's 50 day moving average is $24.20 and its two-hundred day moving average is $23.62. The stock has a market capitalization of $4.45 billion, a PE ratio of -26.77 and a beta of 1.12. 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 Holdings Corp. has a one year low of $7.84 and a one year high of $38.20.

Zeta Global (NYSE:ZETA - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.09) EPS 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 analysts' expectations of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The business's quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.27) earnings per share. As a group, research analysts forecast that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Christopher E. Greiner bought 7,975 shares of the firm'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 purchase, the chief financial officer now owns 2,330,010 shares in the company, valued at approximately $43,804,188. This represents a 0.34 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Steven H. Gerber acquired 13,250 shares of the business's stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $18.55 per share, with a total value of $245,787.50. Following the transaction, the chief operating officer now owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This trade represents a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 129,901 shares of company stock worth $2,471,244 in the last 90 days. Insiders own 25.54% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ZETA. DA Davidson upped their price target on Zeta Global from $39.00 to $42.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. B. Riley boosted their price target on shares of Zeta Global from $30.00 to $37.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Canaccord Genuity Group lifted their price objective on shares of Zeta Global from $24.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. 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. Finally, Morgan Stanley reduced their price target on Zeta Global from $41.00 to $26.00 and set an "equal weight" rating for the company in a research report on Friday, November 15th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Zeta Global currently has an average rating of "Moderate Buy" and a consensus target price of $37.86.

Zeta Global 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.