Royce & Associates LP Cuts Stock Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Royce & Associates LP lessened its position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 21.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 176,000 shares of the company's stock after selling 47,000 shares during the period. Royce & Associates LP owned about 0.08% of Zeta Global worth $5,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Zeta Global by 2.6% during the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company's stock valued at $182,723,000 after purchasing an additional 431,077 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Zeta Global by 2.6% during the first quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company's stock valued at $33,125,000 after buying an additional 77,962 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Zeta Global by 85.4% during the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company's stock valued at $35,635,000 after buying an additional 929,800 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Zeta Global by 1,444.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company's stock valued at $32,610,000 after buying an additional 1,728,005 shares during the last quarter. Finally, Bwcp LP increased its holdings in Zeta Global by 6.2% during the second quarter. Bwcp LP now owns 1,805,867 shares of the company's stock valued at $31,874,000 after buying an additional 106,034 shares during the last quarter. Institutional investors own 75.82% of the company's stock.

Zeta Global Price Performance

ZETA stock traded up $2.46 during trading on Tuesday, hitting $22.04. 14,780,229 shares of the company's stock traded hands, compared to its average volume of 3,227,594. Zeta Global Holdings Corp. has a 52 week low of $7.65 and a 52 week high of $38.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The business has a fifty day simple moving average of $28.38 and a 200 day simple moving average of $22.73. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of -31.49 and a beta of 1.29.

Zeta Global (NYSE:ZETA - Get Free Report) last released 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). The firm had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. Zeta Global's revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.27) EPS. As a group, research analysts expect that Zeta Global Holdings Corp. will post -0.45 EPS for the current fiscal year.

Insider Buying and Selling

In other Zeta Global news, Director Imran Khan acquired 55,000 shares of the firm's stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the purchase, the director now owns 55,000 shares in the company, valued at approximately $1,042,800. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Steinberg acquired 53,676 shares of the firm's stock in a transaction on Monday, November 18th. The shares were acquired 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 approximately $1,256,564.40. This trade represents a 461.37 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 129,901 shares of company stock worth $2,471,244 in the last three months. Corporate insiders own 25.54% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Needham & Company LLC upped their target price on shares of Zeta Global from $36.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Craig Hallum upped their target price on shares of Zeta Global from $37.00 to $45.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Oppenheimer upped their target price on shares of Zeta Global from $33.00 to $42.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Bank of America increased their price objective on shares of Zeta Global from $30.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. Finally, DA Davidson increased their price objective on shares of Zeta Global from $39.00 to $42.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Zeta Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.08.

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.