Annex Advisory Services LLC Has $2.35 Million Position in Zeta Global Holdings Corp. $ZETA

Key Points

• Annex Advisory Services reduced its Zeta Global position by 31.6% in the second quarter, selling 55,182 shares and retaining 119,320 shares valued at approximately $2.35 million.
• Institutional investors own 87.75% of Zeta Global, while multiple funds—including Contour Asset Management, Norges Bank and M&T Bank—recently increased or initiated positions.
• Zeta Global’s quarterly revenue rose 43.6% year over year to $442.77 million, exceeding estimates, but adjusted EPS of $0.03 missed expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $30.31.

Annex Advisory Services LLC lessened its position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 31.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,320 shares of the company's stock after selling 55,182 shares during the period. Annex Advisory Services LLC's holdings in Zeta Global were worth $2,348,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Disciplined Growth Investors Inc. MN bought a new position in Zeta Global during the third quarter worth about $121,502,000. Contour Asset Management LLC raised its stake in Zeta Global by 26.3% in the fourth quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company's stock valued at $227,159,000 after buying an additional 2,327,907 shares during the period. Norges Bank acquired a new stake in shares of Zeta Global in the fourth quarter valued at approximately $46,975,000. M&T Bank Corp boosted its stake in shares of Zeta Global by 12,545.2% during the 4th quarter. M&T Bank Corp now owns 2,233,649 shares of the company's stock worth $45,455,000 after acquiring an additional 2,215,985 shares during the period. Finally, P2 Capital Partners LLC bought a new position in shares of Zeta Global during the 4th quarter worth approximately $34,595,000. 87.75% of the stock is owned by institutional investors.

Insider Buying and Selling at Zeta Global

In other news, Director Jeanine Silberblatt sold 7,500 shares of the company's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the sale, the director directly owned 50,350 shares in the company, valued at approximately $1,001,461.50. This represents a 12.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 10.74% of the company's stock.

Zeta Global Stock Down 2.2%

Shares of ZETA opened at $28.50 on Thursday. Zeta Global Holdings Corp. has a 12 month low of $14.36 and a 12 month high of $29.89. The firm's 50 day moving average is $21.57 and its 200-day moving average is $19.03. The stock has a market capitalization of $7.10 billion, a PE ratio of -1,425.00, a P/E/G ratio of 4.11 and a beta of 1.39. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.21.

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

Wall Street Analyst Weigh In

ZETA has been the topic of a number of research analyst reports. Royal Bank Of Canada increased their price target on Zeta Global from $29.00 to $31.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. The Goldman Sachs Group set a $28.00 price objective on shares of Zeta Global and gave the company a "neutral" rating in a research report on Wednesday, June 24th. Weiss Ratings restated a "sell (d-)" rating on shares of Zeta Global in a research note on Friday, July 17th. KeyCorp upped their price target on shares of Zeta Global from $22.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Finally, DA Davidson increased their price target on shares of Zeta Global from $30.00 to $32.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.31.

Zeta Global 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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