State Street Corp Has $124.90 Million Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

State Street Corp boosted its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,187,052 shares of the company's stock after purchasing an additional 455,944 shares during the period. State Street Corp owned 1.90% of Zeta Global worth $124,900,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ZETA. FMR LLC increased its stake in shares of 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 acquiring an additional 3,557,119 shares during the last quarter. Summit Partners Public Asset Management LLC raised its stake in shares of Zeta Global by 210.4% during 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. Renaissance Technologies LLC lifted its holdings in shares of Zeta Global by 85.4% during the 2nd 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. grew its stake in shares of Zeta Global by 1,444.8% in the 2nd 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 in the last quarter. Finally, Bwcp LP increased its holdings in Zeta Global by 6.2% in the second quarter. Bwcp LP now owns 1,805,867 shares of the company's stock worth $31,874,000 after buying an additional 106,034 shares during the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Stock Performance

Shares of NYSE ZETA traded up $0.59 during trading hours on Friday, reaching $22.32. The stock had a trading volume of 5,929,834 shares, compared to its average volume of 11,790,819. The company has a market cap of $5.30 billion, a price-to-earnings ratio of -31.89 and a beta of 1.12. Zeta Global Holdings Corp. has a twelve month low of $7.84 and a twelve month high of $38.20. The business's fifty day moving average is $26.13 and its two-hundred day moving average is $23.45. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32.

Zeta Global (NYSE:ZETA - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.26). The business had revenue of $268.30 million for 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% on a year-over-year basis. During the same period in the previous year, the business posted ($0.27) earnings per share. As a group, research analysts expect that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Roth Mkm lifted their price objective on shares of Zeta Global from $33.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. DA Davidson upped their price target on Zeta Global from $39.00 to $42.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Craig Hallum upped their target price on Zeta Global from $37.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Morgan Stanley dropped their price target on shares of Zeta Global from $41.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Friday, November 15th. Finally, 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. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $37.86.

Insiders Place Their Bets

In other Zeta Global news, CFO Christopher E. Greiner purchased 7,975 shares of the stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $18.80 per share, for a total transaction of $149,930.00. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David Steinberg acquired 53,676 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was acquired 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 directly owns 65,310 shares of the company's stock, valued at $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 129,901 shares of company stock valued at $2,471,244 in the last 90 days. 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.