Cetera Investment Advisers Has $1.26 Million Holdings in Zeta Global Holdings Corp. $ZETA

Key Points

• Cetera Investment Advisers increased its Zeta Global position by 133.5% in the first quarter, adding 45,264 shares to own 79,181 shares worth approximately $1.26 million.
• Institutional investors and hedge funds own 87.75% of Zeta Global, with major holders including Vanguard, Contour Asset Management and Goldman Sachs increasing their positions.
• Zeta Global reported quarterly revenue of $442.77 million, up 43.6% year over year and above estimates, but earnings per share of $0.03 missed consensus by $0.17. Analysts maintain a “Moderate Buy” consensus with an average price target of $30.31.

Cetera Investment Advisers grew its position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 133.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,181 shares of the company's stock after acquiring an additional 45,264 shares during the period. Cetera Investment Advisers' holdings in Zeta Global were worth $1,261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ZETA. Vanguard Group Inc. lifted its position in Zeta Global by 6.1% during the 4th quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company's stock worth $469,094,000 after buying an additional 1,325,717 shares in the last quarter. Contour Asset Management LLC grew its holdings in Zeta Global by 26.3% during the 4th quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company's stock worth $227,159,000 after acquiring an additional 2,327,907 shares during the last quarter. Disciplined Growth Investors Inc. MN acquired a new stake in Zeta Global in the 3rd quarter valued at about $121,502,000. Goldman Sachs Group Inc. increased its position in Zeta Global by 13.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,582,446 shares of the company's stock valued at $113,603,000 after acquiring an additional 673,145 shares in the last quarter. Finally, Capital World Investors raised its stake in shares of Zeta Global by 0.7% in the fourth quarter. Capital World Investors now owns 5,013,776 shares of the company's stock worth $102,030,000 after acquiring an additional 33,923 shares during the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Stock Down 2.2%

NYSE:ZETA opened at $28.50 on Thursday. Zeta Global Holdings Corp. has a 1 year low of $14.36 and a 1 year high of $29.89. The stock has a 50-day moving average price of $21.57 and a two-hundred day moving average price of $19.03. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of -1,425.00, a PEG 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 announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates 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 business's quarterly revenue was up 43.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.10) EPS. As a group, equities analysts expect that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current year.

Insider Activity

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the business'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 transaction of $149,175.00. Following the transaction, the director owned 50,350 shares of the company's stock, valued at $1,001,461.50. The trade was a 12.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 10.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ZETA. DA Davidson increased their price objective on Zeta Global from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded Zeta Global from a "hold" rating to a "buy" rating in a research report on Sunday. Bank of America upped their price target on Zeta Global from $24.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. Royal Bank Of Canada raised their price target on Zeta Global from $29.00 to $31.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Finally, Citigroup lifted their price objective on Zeta Global from $26.00 to $35.00 and gave the stock a "buy" rating in a research report on Tuesday. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.31.

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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