Absolute Gestao de Investimentos Ltda. Invests $984,000 in Zeta Global Holdings Corp. $ZETA

Key Points

• Absolute Gestao de Investimentos acquired 50,000 Zeta Global shares worth approximately $984,000 in the second quarter. Hedge funds and other institutional investors collectively own 87.75% of the company.
• Analyst sentiment is broadly positive, with 10 Buy ratings, three Holds and one Sell; the stock has a “Moderate Buy” consensus and an average price target of $30.77.
• Zeta Global’s latest quarterly revenue rose 43.6% year over year to $442.77 million, exceeding estimates, although earnings of $0.03 per share missed consensus by $0.17. Shares opened at $31.32, near their 52-week high of $32.81.

Absolute Gestao de Investimentos Ltda. acquired a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 50,000 shares of the company's stock, valued at approximately $984,000.

Other hedge funds also recently added to or reduced their stakes in the company. DV Equities LLC bought a new stake in shares of Zeta Global in the 4th quarter valued at about $29,000. Binnacle Investments Inc purchased a new position in Zeta Global in the third quarter worth $30,000. EverSource Wealth Advisors LLC grew its holdings in Zeta Global by 204.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company's stock worth $33,000 after purchasing an additional 1,406 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of 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 purchasing an additional 867 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Zeta Global by 223.1% during the third quarter. National Bank of Canada FI now owns 1,835 shares of the company's stock worth $36,000 after purchasing an additional 1,267 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on ZETA. Weiss Ratings reiterated a "sell (d-)" rating on shares of Zeta Global in a research note on Friday, July 17th. Bank of America boosted their price target on Zeta Global from $29.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. KeyCorp upped their price objective on shares of Zeta Global from $22.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. William Blair set a $29.00 price objective on shares of Zeta Global in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group set a $28.00 target price on shares of Zeta Global and gave the stock a "neutral" rating in a research note on Wednesday, June 24th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $30.77.

Insider Buying and Selling at Zeta Global

In other news, Director Jeanine Silberblatt sold 7,500 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $19.89, for a total value of $149,175.00. Following the transaction, the director owned 50,350 shares in the company, valued at $1,001,461.50. This trade represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 10.74% of the stock is currently owned by company insiders.

Zeta Global Stock Performance

NYSE ZETA opened at $31.32 on Monday. The firm has a market capitalization of $7.86 billion, a P/E ratio of -1,566.00, a PEG ratio of 4.42 and a beta of 1.43. The stock has a 50-day simple moving average of $24.89 and a two-hundred day simple moving average of $20.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.38 and a current ratio of 2.38. Zeta Global Holdings Corp. has a fifty-two week low of $14.36 and a fifty-two week high of $32.81.

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

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm's mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta's offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.

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