Generali Investments Management Co LLC Has $1.14 Million Position in Zeta Global Holdings Corp. $ZETA

Key Points

• Generali Investments Management cut its Zeta Global position by 61.9% in the second quarter, leaving it with 57,684 shares worth approximately $1.14 million. Institutional investors collectively own 87.75% of the company.
• 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. The stock opened at $27.53, near its 52-week high.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $29.62 price target, although recent ratings ranged from upgraded price targets and buy recommendations to hold and sell calls.

Generali Investments Management Co LLC trimmed its holdings in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 61.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,684 shares of the company's stock after selling 93,675 shares during the quarter. Generali Investments Management Co LLC's holdings in Zeta Global were worth $1,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Disciplined Growth Investors Inc. MN bought a new stake in Zeta Global in the third quarter worth approximately $121,502,000. Contour Asset Management LLC boosted its holdings in shares of 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 buying an additional 2,327,907 shares in the last quarter. Norges Bank bought a new position in shares of Zeta Global during the 4th quarter worth approximately $46,975,000. M&T Bank Corp grew its position 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 buying an additional 2,215,985 shares during the period. Finally, Annex Advisory Services LLC acquired a new stake in shares of Zeta Global during the 4th quarter worth approximately $42,136,000. Institutional investors own 87.75% of the company's stock.

Zeta Global Stock Up 3.3%

Zeta Global stock opened at $27.53 on Tuesday. Zeta Global Holdings Corp. has a 1-year low of $14.36 and a 1-year high of $28.50. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of -1,376.50, a price-to-earnings-growth ratio of 3.81 and a beta of 1.39. The firm's fifty day moving average price is $21.39 and its two-hundred day moving average price is $18.92. 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 data 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 negative net margin of 0.15% and a positive return on equity of 5.32%. The business had revenue of $442.77 million for the quarter, compared to analyst estimates of $420.61 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. The firm's quarterly revenue was up 43.6% compared to the same quarter last year. On average, equities research analysts predict that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on ZETA. KeyCorp lifted their price objective 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. Freedom Capital lowered shares of Zeta Global from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Zeta Global from a "hold" rating to a "buy" rating in a report on Sunday. DA Davidson lifted their price target on shares of Zeta Global from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Zeta Global in a report on Friday, July 17th. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.62.

Insider Transactions at Zeta Global

In related news, Director Jeanine Silberblatt sold 7,500 shares of Zeta Global 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company 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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