Geode Capital Management LLC Raises Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Geode Capital Management LLC lifted its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 18.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,266,679 shares of the company's stock after acquiring an additional 674,192 shares during the quarter. Geode Capital Management LLC owned approximately 1.94% of Zeta Global worth $127,302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp lifted its holdings 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 purchasing an additional 455,944 shares in the last quarter. FMR LLC increased its position 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 buying an additional 3,557,119 shares during the period. Summit Partners Public Asset Management LLC lifted its holdings in shares of Zeta Global by 210.4% in the third 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 in the last quarter. Renaissance Technologies LLC boosted its position in shares of Zeta Global by 85.4% in the second 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 during the period. Finally, D. E. Shaw & Co. Inc. grew its stake in Zeta Global by 1,444.8% during 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 acquiring an additional 1,728,005 shares in the last quarter. Institutional investors own 87.75% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ZETA. Oppenheimer boosted their price target on shares of Zeta Global from $33.00 to $42.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Needham & Company LLC reissued a "buy" rating and set a $43.00 price objective on shares of Zeta Global in a report on Tuesday, December 10th. The Goldman Sachs Group initiated coverage on shares of Zeta Global in a research report on Wednesday, December 11th. They set a "neutral" rating and a $30.00 target price for the company. Craig Hallum raised their price objective on shares of Zeta Global from $37.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Finally, Bank of America raised their price target on Zeta Global from $30.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Zeta Global presently has an average rating of "Moderate Buy" and a consensus target price of $37.86.

Insider Buying and Selling at Zeta Global

In other Zeta Global news, CEO David Steinberg bought 53,676 shares of the stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the acquisition, the chief executive officer now owns 65,310 shares of the company's stock, 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 filing with the SEC, which can be accessed through this link. Also, Director Imran Khan purchased 55,000 shares of the company's stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the completion of the transaction, the director now owns 55,000 shares in the company, valued at approximately $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 currently owned by corporate insiders.

Zeta Global Trading Down 4.9 %

Shares of ZETA stock traded down $1.00 during trading hours on Wednesday, reaching $19.34. The company's stock had a trading volume of 7,852,082 shares, compared to its average volume of 3,796,384. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $4.59 billion, a P/E ratio of -27.63 and a beta of 1.12. The firm's fifty day simple moving average is $25.73 and its 200 day simple moving average is $23.55. 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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $268.30 million for the quarter, compared to analysts' expectations of $252.68 million. During the same period in the previous year, the firm posted ($0.27) earnings per share. The firm's revenue for the quarter was up 42.0% compared to the same quarter last year. Equities research analysts expect that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

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.