Fiduciary Alliance LLC Raises Holdings in Zeta Global Holdings Corp. $ZETA

Key Points

• Fiduciary Alliance LLC boosted its stake in Zeta Global by 56.4% in Q4 to 196,121 shares (adding 70,696) worth about $3.99M, and several other institutions also increased holdings, leaving roughly 87.75% of the stock owned by hedge funds and institutional investors.
• Zeta beat Q4 expectations with revenue of $394.6M (up 25.4% YoY) and EPS of $0.28, but the stock trades around $15.28 with a negative P/E; analysts have a consensus “Moderate Buy” and a $29 average target despite mixed individual ratings.

Fiduciary Alliance LLC increased its holdings in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 56.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 196,121 shares of the company's stock after acquiring an additional 70,696 shares during the period. Fiduciary Alliance LLC owned approximately 0.08% of Zeta Global worth $3,991,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Register Financial Advisors LLC grew its position in Zeta Global by 794.6% in the fourth quarter. Register Financial Advisors LLC now owns 107,350 shares of the company's stock worth $2,185,000 after acquiring an additional 95,350 shares during the period. Leo Wealth LLC purchased a new position in Zeta Global in the fourth quarter worth approximately $676,000. RPG Investment Advisory LLC grew its position in Zeta Global by 25.1% in the fourth quarter. RPG Investment Advisory LLC now owns 741,225 shares of the company's stock worth $15,084,000 after acquiring an additional 148,484 shares during the period. Udine Wealth Management Inc. purchased a new position in Zeta Global in the fourth quarter worth approximately $2,587,000. Finally, Allspring Global Investments Holdings LLC grew its position in Zeta Global by 52.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,610 shares of the company's stock worth $331,000 after acquiring an additional 5,741 shares during the period. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wall Street Zen lowered Zeta Global from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. B. Riley Financial upgraded Zeta Global to a "strong-buy" rating in a research report on Thursday, April 2nd. Weiss Ratings restated a "sell (d-)" rating on shares of Zeta Global in a research note on Wednesday, January 21st. The Goldman Sachs Group upped their price target on Zeta Global from $23.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 28th. Finally, Morgan Stanley upped their price target on Zeta Global from $23.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Zeta Global currently has an average rating of "Moderate Buy" and a consensus target price of $29.00.

Zeta Global Stock Down 2.8%

NYSE:ZETA opened at $15.28 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.24. The stock's fifty day moving average is $16.82 and its two-hundred day moving average is $18.57. Zeta Global Holdings Corp. has a 52 week low of $10.69 and a 52 week high of $24.90. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of -101.83, a price-to-earnings-growth ratio of 1.62 and a beta of 1.28.

Zeta Global (NYSE:ZETA - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.05. Zeta Global had a positive return on equity of 1.35% and a negative net margin of 2.42%.The company had revenue of $394.64 million for the quarter, compared to analysts' expectations of $378.09 million. During the same period in the prior year, the firm earned $0.06 earnings per share. The firm's revenue was up 25.4% compared to the same quarter last year. Research analysts anticipate that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

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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