Riggs Asset Managment Co. Inc. Purchases 55,573 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Riggs Asset Managment Co. Inc. raised its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 73.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131,572 shares of the company's stock after purchasing an additional 55,573 shares during the quarter. Riggs Asset Managment Co. Inc. owned approximately 0.06% of Zeta Global worth $2,376,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its stake in Zeta Global by 84,132.4% in the 3rd 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 boosted its stake in Zeta Global by 85.0% in the 3rd 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. Summit Partners Public Asset Management LLC boosted its stake in Zeta Global by 210.4% in the 3rd 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. Millennium Management LLC lifted its stake in Zeta Global by 358.3% during the 2nd quarter. Millennium Management LLC now owns 1,189,295 shares of the company's stock valued at $20,991,000 after acquiring an additional 929,792 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Zeta Global by 18.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company's stock valued at $127,302,000 after acquiring an additional 674,192 shares during the period. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Price Performance

Shares of Zeta Global stock traded up $0.30 on Wednesday, hitting $18.72. 1,761,945 shares of the company traded hands, compared to its average volume of 3,874,085. The stock has a market capitalization of $4.44 billion, a P/E ratio of -26.75, a price-to-earnings-growth ratio of 1.35 and a beta of 1.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. Zeta Global Holdings Corp. has a 52 week low of $9.35 and a 52 week high of $38.20. The business has a 50-day simple moving average of $19.69 and a 200 day simple moving average of $23.87.

Zeta Global (NYSE:ZETA - Get Free Report) last released its quarterly earnings data 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 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 the consensus estimate of $252.68 million. During the same quarter in the previous year, the business earned ($0.27) EPS. The company's quarterly revenue was up 42.0% on a year-over-year basis. Research analysts expect that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Zeta Global in a research note on Wednesday, December 11th. They set a "neutral" rating and a $30.00 target price on the stock. Truist Financial reaffirmed a "buy" rating and set a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Morgan Stanley reduced their price target on shares of Zeta Global from $26.00 to $23.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Craig Hallum upped their price target 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, DA Davidson upped their price target 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. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given 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 price target of $37.43.

Insider Activity at Zeta Global

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

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.