FirstWave Capital Management LLC Invests $3.32 Million in Zeta Global Holdings Corp. $ZETA

Key Points

• FirstWave Capital Management acquired 168,692 Zeta Global shares worth approximately $3.32 million, making ZETA a 1.5% portfolio holding. Institutional investors collectively own 87.75% of the stock.
• Zeta Global reported quarterly revenue of $442.77 million, up 43.6% year over year and above estimates, but earnings of $0.03 per share missed consensus by $0.17.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $30.77; shares recently opened at $31.32 after trading between $14.36 and $32.81 over the past year.

FirstWave Capital Management LLC acquired a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 168,692 shares of the company's stock, valued at approximately $3,320,000. Zeta Global comprises 1.5% of FirstWave Capital Management LLC's portfolio, making the stock its 20th biggest holding. FirstWave Capital Management LLC owned 0.07% of Zeta Global at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ZETA. DV Equities LLC purchased a new position in shares of Zeta Global in the fourth quarter worth approximately $29,000. Binnacle Investments Inc bought a new position in Zeta Global in the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC lifted its position in Zeta Global by 204.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company's stock valued at $33,000 after purchasing an additional 1,406 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Zeta Global by 66.7% in the first quarter. Cornerstone Planning Group LLC now owns 2,167 shares of the company's stock worth $34,000 after buying an additional 867 shares during the period. Finally, National Bank of Canada FI lifted its position in shares of Zeta Global by 223.1% during the 3rd quarter. National Bank of Canada FI now owns 1,835 shares of the company's stock valued at $36,000 after buying an additional 1,267 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Price Performance

Shares of Zeta Global stock opened at $31.32 on Friday. 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 Holdings Corp. has a 12 month low of $14.36 and a 12 month high of $32.81. The stock has a 50 day moving average of $24.89 and a 200 day moving average of $20.40. The firm has a market cap of $7.86 billion, a PE ratio of -1,566.00, a PEG ratio of 4.61 and a beta of 1.43.

Zeta Global (NYSE:ZETA - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.17). The firm had revenue of $442.77 million for 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 firm's revenue was up 43.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.10) earnings per share. On average, research analysts expect that Zeta Global Holdings Corp. will post 0.21 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity

In related news, Director Jeanine Silberblatt sold 7,500 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $19.89, for a total value of $149,175.00. Following the completion of the transaction, the director owned 50,350 shares of the company's stock, valued at approximately $1,001,461.50. This trade represents a 12.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.74% of the company's stock.

About Zeta Global

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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