137,463 Shares in Zeta Global Holdings Corp. (NYSE:ZETA) Bought by Nordea Investment Management AB

Nordea Investment Management AB acquired a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 137,463 shares of the company's stock, valued at approximately $2,444,000. Nordea Investment Management AB owned about 0.06% of Zeta Global as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. FMR LLC raised its position in Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company's stock worth $106,235,000 after purchasing an additional 3,557,119 shares in the last quarter. Lord Abbett & CO. LLC raised its position in Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock worth $170,332,000 after purchasing an additional 2,623,980 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in Zeta Global by 1,444.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company's stock worth $32,610,000 after purchasing an additional 1,728,005 shares in the last quarter. Summit Partners Public Asset Management LLC raised its position in 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 purchasing an additional 1,703,679 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new position in Zeta Global in the second quarter worth about $28,698,000. Institutional investors and hedge funds own 87.75% of the company's stock.

Zeta Global Price Performance

Shares of ZETA traded down $1.16 during mid-day trading on Friday, hitting $17.32. 4,651,089 shares of the company traded hands, compared to its average volume of 4,413,899. Zeta Global Holdings Corp. has a one year low of $8.76 and a one year high of $38.20. 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 business has a 50-day moving average of $21.99 and a 200 day moving average of $23.85. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of -24.74 and a beta of 1.17.

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 (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 business had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. During the same period in the previous year, the business posted ($0.27) earnings per share. Zeta Global's revenue was up 42.0% compared to the same quarter last year. As a group, equities analysts expect that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Roth Mkm increased their price target on shares of Zeta Global from $33.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. The Goldman Sachs Group initiated coverage on shares of Zeta Global in a research note on Wednesday, December 11th. They set a "neutral" rating and a $30.00 price objective on the stock. Royal Bank of Canada decreased their price objective on shares of Zeta Global from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. William Blair reaffirmed an "outperform" rating on shares of Zeta Global in a research note on Thursday, December 19th. Finally, B. Riley upped their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Four research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $37.64.

Insider Buying and Selling at Zeta Global

In other news, CFO Christopher E. Greiner bought 7,975 shares of the business's stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the acquisition, the chief financial officer now owns 2,330,010 shares in the company, valued at approximately $43,804,188. This trade represents a 0.34 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Steinberg bought 53,676 shares of the business's stock in a transaction on Monday, November 18th. The stock was purchased at an average price 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 position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is currently owned by insiders.

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.