Robeco Institutional Asset Management B.V. Acquires Shares of 17,079 Zeta Global Holdings Corp. (NYSE:ZETA)

Robeco Institutional Asset Management B.V. acquired a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 17,079 shares of the company's stock, valued at approximately $307,000.

Other institutional investors have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC purchased a new stake in Zeta Global during the 3rd quarter valued at approximately $26,000. Farther Finance Advisors LLC lifted its position in shares of Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company's stock worth $42,000 after purchasing an additional 1,360 shares during the last quarter. Covestor Ltd lifted its position in shares of 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 purchasing an additional 1,451 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company's stock valued at $66,000 after buying an additional 1,136 shares during the period. Finally, CWM LLC increased its stake in shares of Zeta Global by 1,682.3% during the third quarter. CWM LLC now owns 5,240 shares of the company's stock valued at $156,000 after buying an additional 4,946 shares during the period. 87.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO David Steinberg acquired 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, for a total transaction of $1,032,726.24. Following the completion of the transaction, the chief executive officer now owns 65,310 shares in the company, valued at approximately $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Imran Khan acquired 55,000 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the transaction, the director now owns 55,000 shares of the company's stock, valued at $1,042,800. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired 129,901 shares of company stock worth $2,471,244 over the last three months. Insiders own 25.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ZETA shares. Royal Bank of Canada cut their target price on Zeta Global from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. 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 note on Tuesday, November 12th. KeyCorp lowered Zeta Global from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 14th. William Blair restated an "outperform" rating on shares of Zeta Global in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group started coverage on shares of Zeta Global in a research report on Wednesday, December 11th. They issued a "neutral" rating and a $30.00 price objective for the company. Four 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.43.

Zeta Global Stock Performance

NYSE ZETA traded up $0.28 during mid-day trading on Friday, reaching $21.24. 6,944,709 shares of the stock were exchanged, compared to its average volume of 3,839,328. The business's 50 day moving average is $19.68 and its 200-day moving average is $23.83. Zeta Global Holdings Corp. has a 1 year low of $9.35 and a 1 year high of $38.20. The company has a market capitalization of $5.04 billion, a P/E ratio of -30.34, a P/E/G ratio of 1.54 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 (NYSE:ZETA - Get Free Report) last posted 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). The company had revenue of $268.30 million for the quarter, compared to analysts' expectations of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The business's revenue for the quarter was up 42.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.27) earnings per share. On average, equities research analysts forecast that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

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.