Hennion & Walsh Asset Management Inc. Boosts Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

Hennion & Walsh Asset Management Inc. grew its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 53.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,477 shares of the company's stock after purchasing an additional 15,068 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Zeta Global were worth $782,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ZETA. Juncture Wealth Strategies LLC raised its stake in shares of Zeta Global by 3.1% during the third quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company's stock valued at $633,000 after acquiring an additional 634 shares during the last quarter. Essex Investment Management Co. LLC grew its holdings in Zeta Global by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company's stock worth $9,137,000 after purchasing an additional 856 shares during the period. Wolff Wiese Magana LLC bought a new position in Zeta Global during the 3rd quarter valued at approximately $26,000. HighTower Advisors LLC raised its stake in Zeta Global by 4.2% during the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company's stock valued at $668,000 after buying an additional 892 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in Zeta Global by 20.0% in the second quarter. Amalgamated Bank now owns 5,691 shares of the company's stock worth $100,000 after acquiring an additional 948 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Stock Performance

Shares of ZETA stock traded down $0.26 during trading hours on Monday, reaching $18.55. 4,276,367 shares of the company traded hands, compared to its average volume of 5,073,361. The firm has a 50-day moving average price of $20.62 and a 200 day moving average price of $23.86. The company has a market cap of $4.41 billion, a P/E ratio of -26.51, a P/E/G ratio of 1.28 and a beta of 1.17. Zeta Global Holdings Corp. has a 12-month low of $9.23 and a 12-month high of $38.20. 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 posted its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates 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%. The business's revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.27) earnings per share. As a group, sell-side analysts predict that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on ZETA. Truist Financial reissued a "buy" rating and set a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Roth Mkm boosted their price objective on shares of Zeta Global from $33.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. Barclays increased their target price on Zeta Global from $28.00 to $32.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 13th. Morgan Stanley decreased their price target on Zeta Global from $26.00 to $23.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Finally, The Goldman Sachs Group initiated coverage on Zeta Global in a research report on Wednesday, December 11th. They set a "neutral" rating and a $30.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $37.43.

Insider Activity

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

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.