Janney Montgomery Scott LLC Grows Stock Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Janney Montgomery Scott LLC raised its holdings in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 273.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 77,745 shares of the company's stock after acquiring an additional 56,910 shares during the quarter. Janney Montgomery Scott LLC's holdings in Zeta Global were worth $1,399,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ZETA. Wolff Wiese Magana LLC acquired a new stake in Zeta Global in the third quarter worth $26,000. Farther Finance Advisors LLC raised its stake in Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company's stock worth $42,000 after buying an additional 1,360 shares during the period. Covestor Ltd lifted its holdings in Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company's stock worth $45,000 after acquiring an additional 1,451 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Zeta Global by 104.1% in the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company's stock valued at $66,000 after acquiring an additional 1,136 shares during the period. Finally, CWM LLC increased its holdings in shares of Zeta Global by 1,682.3% in the third quarter. CWM LLC now owns 5,240 shares of the company's stock worth $156,000 after acquiring an additional 4,946 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

Zeta Global Stock Performance

Shares of ZETA traded up $0.30 during mid-day trading on Wednesday, hitting $18.72. The stock had a trading volume of 2,668,598 shares, compared to its average volume of 3,915,950. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The firm has a market cap of $4.44 billion, a P/E ratio of -26.74, a PEG ratio of 1.35 and a beta of 1.17. Zeta Global Holdings Corp. has a 52 week low of $9.35 and a 52 week high of $38.20. The business has a fifty day moving average price of $19.66 and a 200-day moving average price of $23.83.

Zeta Global (NYSE:ZETA - Get Free Report) last posted its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The company had revenue of $268.30 million for the quarter, compared to analysts' expectations of $252.68 million. During the same quarter in the prior year, the company earned ($0.27) EPS. The company's revenue was up 42.0% on a year-over-year basis. On average, equities research analysts expect that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

Insider Buying and Selling

In other Zeta Global news, Director Imran Khan purchased 55,000 shares of Zeta Global stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $18.96 per share, for a total transaction of $1,042,800.00. Following the acquisition, the director now directly owns 55,000 shares in the company, valued at approximately $1,042,800. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Christopher E. Greiner bought 7,975 shares of Zeta Global stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the purchase, the chief financial officer now directly owns 2,330,010 shares of the company's stock, valued at approximately $43,804,188. This trade represents a 0.34 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 129,901 shares of company stock worth $2,471,244. Insiders own 25.54% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Truist Financial restated a "buy" rating and set a $42.00 target price (up from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Morgan Stanley lowered their target price on Zeta Global from $26.00 to $23.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. William Blair restated an "outperform" rating on shares of Zeta Global in a report on Thursday, December 19th. DA Davidson lifted their target price on Zeta Global from $39.00 to $42.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada reduced their price target on Zeta Global from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Zeta Global has a consensus rating of "Moderate Buy" and a consensus target price of $37.43.

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.