Virtu Financial LLC Purchases Shares of 25,368 Zeta Global Holdings Corp. (NYSE:ZETA)

Virtu Financial LLC bought a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 25,368 shares of the company's stock, valued at approximately $757,000.

Other large investors have also modified their holdings of the company. Raymond James & Associates lifted its holdings in Zeta Global by 236.3% during the 2nd quarter. Raymond James & Associates now owns 79,289 shares of the company's stock worth $1,399,000 after buying an additional 55,709 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Zeta Global during the second quarter worth $394,000. Washington Capital Management Inc. bought a new position in shares of Zeta Global in the 2nd quarter worth about $401,000. Calamos Advisors LLC boosted its holdings in shares of Zeta Global by 112.0% in the 2nd quarter. Calamos Advisors LLC now owns 174,188 shares of the company's stock valued at $3,074,000 after buying an additional 92,020 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Zeta Global by 38.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 611,357 shares of the company's stock valued at $10,790,000 after buying an additional 171,001 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. The Goldman Sachs Group assumed coverage on Zeta Global in a research note on Wednesday. They issued a "neutral" rating and a $30.00 target price for the company. Roth Mkm upped their price objective on Zeta Global from $33.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, October 1st. Royal Bank of Canada reiterated an "outperform" rating and issued a $43.00 target price on shares of Zeta Global in a research note on Tuesday, December 10th. Canaccord Genuity Group upped their price target on shares of Zeta Global from $24.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Finally, Bank of America lifted their price objective on shares of Zeta Global from $30.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Four research 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's stock. Based on data from MarketBeat.com, Zeta Global presently has an average rating of "Moderate Buy" and an average price target of $37.86.

Zeta Global Stock Up 2.7 %

ZETA stock traded up $0.59 during midday trading on Friday, reaching $22.32. The company had a trading volume of 5,929,834 shares, compared to its average volume of 11,790,819. The company has a 50 day moving average of $26.13 and a two-hundred day moving average of $23.45. The company has a market capitalization of $5.30 billion, a P/E ratio of -31.89 and a beta of 1.12. Zeta Global Holdings Corp. has a 1 year low of $7.84 and a 1 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.

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 the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm had revenue of $268.30 million for the quarter, compared to analysts' expectations of $252.68 million. During the same quarter in the prior year, the business posted ($0.27) earnings per share. Zeta Global's revenue was up 42.0% on a year-over-year basis. On average, equities research analysts expect that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Insider Activity at Zeta Global

In related news, CEO David Steinberg purchased 53,676 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the purchase, the chief executive officer now owns 65,310 shares in the company, valued at $1,256,564.40. The trade was a 461.37 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Christopher E. Greiner acquired 7,975 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the purchase, the chief financial officer now directly owns 2,330,010 shares in the company, valued at $43,804,188. This represents a 0.34 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is currently owned by corporate 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.