Hodges Capital Management Inc. Boosts Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Hodges Capital Management Inc. lifted its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 163.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 433,473 shares of the company's stock after purchasing an additional 268,710 shares during the quarter. Hodges Capital Management Inc. owned 0.18% of Zeta Global worth $7,798,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Zeta Global by 84,132.4% during the third quarter. FMR LLC now owns 3,561,347 shares of the company's stock worth $106,235,000 after buying an additional 3,557,119 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock worth $170,332,000 after purchasing an additional 2,623,980 shares in the last quarter. Summit Partners Public Asset Management LLC raised its position in Zeta Global by 210.4% in the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company's stock valued at $74,978,000 after purchasing an additional 1,703,679 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Zeta Global by 18.8% during the third quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company's stock valued at $127,302,000 after purchasing an additional 674,192 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Zeta Global by 12.2% during the third quarter. State Street Corp now owns 4,187,052 shares of the company's stock worth $124,900,000 after purchasing an additional 455,944 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ZETA shares. Barclays lifted their target price on shares of Zeta Global from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. Oppenheimer lifted their price target on shares of Zeta Global from $33.00 to $42.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. The Goldman Sachs Group began coverage on Zeta Global in a research report on Wednesday, December 11th. They set a "neutral" rating and a $30.00 target price for the company. Truist Financial reissued a "buy" rating and issued a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Finally, Craig Hallum upped their target price on Zeta Global from $37.00 to $45.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Four research 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 stock. According to data from MarketBeat, Zeta Global has a consensus rating of "Moderate Buy" and an average price target of $37.43.

Zeta Global Stock Up 1.6 %

Shares of ZETA traded up $0.30 during trading hours on Wednesday, hitting $18.72. The stock had a trading volume of 2,668,598 shares, compared to its average volume of 3,915,950. Zeta Global Holdings Corp. has a 1-year low of $9.35 and a 1-year high of $38.20. The firm has a market capitalization of $4.44 billion, a P/E ratio of -26.74, a price-to-earnings-growth ratio of 1.35 and a beta of 1.17. The firm has a 50 day simple moving average of $19.69 and a 200-day simple moving average of $23.87. 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 announced 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). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. During the same period last year, the business posted ($0.27) EPS. The company's revenue was up 42.0% on a year-over-year basis. Sell-side analysts predict that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Insider Activity

In other Zeta Global news, CEO David Steinberg bought 53,676 shares of the business's stock in a transaction dated Monday, November 18th. The shares were purchased 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 directly owns 65,310 shares of the company's stock, valued at approximately $1,256,564.40. This represents a 461.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Imran Khan purchased 55,000 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the transaction, the director now directly 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 have purchased 129,901 shares of company stock worth $2,471,244 over the last 90 days. 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.