Legato Capital Management LLC Sells 42,807 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Legato Capital Management LLC reduced its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 29.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,566 shares of the company's stock after selling 42,807 shares during the quarter. Legato Capital Management LLC's holdings in Zeta Global were worth $1,845,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of Zeta Global by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company's stock valued at $37,015,000 after buying an additional 293,583 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Zeta Global by 31.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company's stock valued at $51,980,000 after buying an additional 413,577 shares in the last quarter. Hodges Capital Management Inc. lifted its stake in shares of Zeta Global by 163.1% during the 4th quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company's stock valued at $7,798,000 after buying an additional 268,710 shares in the last quarter. Empowered Funds LLC purchased a new stake in Zeta Global in the 3rd quarter worth approximately $5,644,000. Finally, Qsemble Capital Management LP purchased a new stake in Zeta Global in the 3rd quarter worth approximately $1,752,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. William Blair reiterated an "outperform" rating on shares of Zeta Global in a research note on Thursday, December 19th. Truist Financial reiterated a "buy" rating and issued a $42.00 target price (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. The Goldman Sachs Group assumed coverage on shares of Zeta Global in a research note on Wednesday, December 11th. They issued a "neutral" rating and a $30.00 target price on the stock. Craig Hallum increased their target price on shares of Zeta Global from $37.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Finally, Barclays increased their price target on shares of Zeta Global from $28.00 to $32.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. Four research 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's stock. According to MarketBeat, Zeta Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.43.

Zeta Global Trading Up 0.2 %

ZETA traded up $0.04 during trading on Friday, hitting $23.43. 7,365,841 shares of the stock traded hands, compared to its average volume of 3,839,328. The firm has a market capitalization of $5.56 billion, a P/E ratio of -33.48, a price-to-earnings-growth ratio of 1.54 and a beta of 1.17. 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 50-day moving average of $19.36 and a 200 day moving average of $23.86. Zeta Global Holdings Corp. has a 12-month low of $9.93 and a 12-month high of $38.20.

Insider Transactions at Zeta Global

In other Zeta Global news, Director Imran Khan purchased 55,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $18.96 per share, with a total value of $1,042,800.00. Following the transaction, the director now directly owns 55,000 shares in the company, valued at approximately $1,042,800. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David Steinberg acquired 53,676 shares of Zeta Global stock in a transaction on Monday, November 18th. The shares were purchased at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the completion of the purchase, the chief executive officer now owns 65,310 shares in the company, valued at $1,256,564.40. This represents a 461.37 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 129,901 shares of company stock valued at $2,471,244. Company insiders own 25.54% of the company's stock.

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.