Zeta Global Holdings Corp. (NYSE:ZETA) Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. decreased its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 53.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 164,763 shares of the company's stock after selling 185,640 shares during the quarter. Hodges Capital Management Inc. owned about 0.07% of Zeta Global worth $4,915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in shares of Zeta Global by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 91,195 shares of the company's stock valued at $997,000 after buying an additional 5,100 shares during the period. SG Americas Securities LLC grew its position in Zeta Global by 1,854.9% in the second quarter. SG Americas Securities LLC now owns 244,618 shares of the company's stock worth $4,318,000 after acquiring an additional 232,105 shares during the period. M&G Plc acquired a new stake in Zeta Global during the second quarter worth $9,955,000. SOA Wealth Advisors LLC. purchased a new stake in Zeta Global in the second quarter valued at $2,090,000. Finally, Raymond James & Associates lifted its stake in shares of Zeta Global by 236.3% in the 2nd quarter. Raymond James & Associates now owns 79,289 shares of the company's stock valued at $1,399,000 after purchasing an additional 55,709 shares during the last quarter. Institutional investors and hedge funds own 75.82% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on ZETA shares. DA Davidson upped 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. B. Riley increased their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Barclays boosted their target price on Zeta Global from $28.00 to $32.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 13th. Canaccord Genuity Group raised their price target on Zeta Global from $24.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Finally, Needham & Company LLC boosted their price objective on Zeta Global from $36.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Three investment 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.00.

Insiders Place Their Bets

In other news, COO Steven H. Gerber bought 13,250 shares of Zeta Global stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $18.55 per share, with a total value of $245,787.50. Following the acquisition, the chief operating officer now owns 2,940,811 shares of the company's stock, valued at approximately $54,552,044.05. This trade represents a 0.45 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Christopher E. Greiner purchased 7,975 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of $18.80 per share, for a total transaction of $149,930.00. Following the purchase, the chief financial officer now directly owns 2,330,010 shares in the company, valued at $43,804,188. The trade was a 0.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 129,901 shares of company stock valued at $2,471,244 in the last ninety days. Insiders own 25.54% of the company's stock.

Zeta Global Stock Up 1.5 %

NYSE:ZETA traded up $0.39 during mid-day trading on Friday, hitting $26.18. The stock had a trading volume of 6,105,136 shares, compared to its average volume of 15,437,298. Zeta Global Holdings Corp. has a twelve month low of $7.65 and a twelve month high of $38.20. The stock has a 50-day simple moving average of $26.94 and a two-hundred day simple moving average of $23.32. 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 company has a market capitalization of $6.22 billion, a PE ratio of -37.40 and a beta of 1.12.

Zeta Global (NYSE:ZETA - Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.26). The firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. Zeta Global's revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.27) earnings per share. On average, equities research analysts anticipate 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.