41,065 Shares in Zeta Global Holdings Corp. $ZETA Purchased by Cadent Capital Advisors LLC

Key Points

• Cadent Capital Advisors bought 41,065 shares of Zeta Global in the third quarter, valued at approximately $1.3 million. Institutional investors collectively own 87.75% of the company.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $34.50; several firms recently raised their targets.
• Zeta Global shares rose 1.5% to $33.53, near the company’s 12-month high. Quarterly revenue increased 43.6% year over year to $442.77 million, though earnings of $0.03 per share fell short of estimates.

Cadent Capital Advisors LLC purchased a new position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 41,065 shares of the company's stock, valued at approximately $1,296,000.

Several other hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC grew its holdings in Zeta Global by 4.3% in the second quarter. Integrated Wealth Concepts LLC now owns 11,262 shares of the company's stock valued at $222,000 after purchasing an additional 469 shares during the last quarter. Versant Capital Management Inc grew its stake in Zeta Global by 54.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,340 shares of the company's stock valued at $42,000 after acquiring an additional 475 shares during the last quarter. Essential Partners LLC increased its holdings in Zeta Global by 30.9% during the 1st quarter. Essential Partners LLC now owns 2,670 shares of the company's stock valued at $43,000 after acquiring an additional 630 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Zeta Global by 2.3% during the 4th quarter. Hsbc Holdings PLC now owns 34,938 shares of the company's stock valued at $724,000 after acquiring an additional 793 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its position in Zeta Global by 66.7% during the first quarter. Cornerstone Planning Group LLC now owns 2,167 shares of the company's stock worth $34,000 after acquiring an additional 867 shares during the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ZETA shares. B. Riley Financial reissued a "buy" rating on shares of Zeta Global in a research note on Friday. Bank of America upped their target price on Zeta Global from $29.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Freedom Capital downgraded Zeta Global from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 6th. Canaccord Genuity Group upped their price objective on Zeta Global from $30.00 to $37.00 and gave the company a "buy" rating in a research report on Friday. Finally, Wall Street Zen raised Zeta Global from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Zeta Global has an average rating of "Moderate Buy" and an average price target of $34.50.

Zeta Global Trading Up 1.5%

ZETA traded up $0.50 during trading on Friday, hitting $33.53. The company's stock had a trading volume of 2,721,037 shares, compared to its average volume of 8,460,192. Zeta Global Holdings Corp. has a twelve month low of $14.36 and a twelve month high of $34.80. The stock has a market cap of $8.42 billion, a PE ratio of -1,676.70, a PEG ratio of 4.76 and a beta of 1.39. The firm's 50 day moving average price is $29.61 and its 200-day moving average price is $22.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.38 and a quick ratio of 2.38.

Zeta Global (NYSE:ZETA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.17). Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. The business had revenue of $442.77 million during the quarter, compared to analysts' expectations of $420.61 million. During the same period in the prior year, the firm earned ($0.10) EPS. Zeta Global's revenue for the quarter was up 43.6% on a year-over-year basis. On average, analysts expect that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current year.

Zeta Global Profile

Zeta Global is a technology company that provides data-driven marketing and customer-experience solutions to brands and agencies. Its platform helps organizations acquire, grow and retain customers by combining consumer data, artificial intelligence and marketing automation across digital channels.

The company's offerings include the Zeta Marketing Platform, which supports audience discovery, campaign planning, activation, personalization and measurement. Zeta also provides data-management and analytics capabilities through its proprietary data assets, helping marketers develop customer insights and deliver coordinated campaigns across channels such as email, online advertising, connected television and other digital media.

Founded in 2007, Zeta Global serves enterprise marketers and agencies, primarily in the United States and other markets where digital advertising and customer-engagement services are in demand.

Want to see what other hedge funds are holding ZETA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zeta Global Holdings Corp. (NYSE:ZETA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.