Hennion & Walsh Asset Management Inc. Lowers Position in Zeta Global Holdings Corp. $ZETA

Key Points

• Hennion & Walsh Asset Management cut its Zeta Global position by 77.2% in the second quarter, selling 35,208 shares and retaining 10,396 shares valued at approximately $205,000. Institutional investors collectively own 87.75% of the company.
• Analysts remain broadly positive on Zeta Global, with a consensus rating of “Moderate Buy” and an average price target of $30.31; recent targets range from $28 to $32.
• Zeta Global’s latest quarter showed 43.6% year-over-year revenue growth to $442.77 million, exceeding estimates, although adjusted earnings of $0.03 per share fell short of the $0.20 consensus forecast.

Hennion & Walsh Asset Management Inc. trimmed its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 77.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,396 shares of the company's stock after selling 35,208 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Zeta Global were worth $205,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ZETA. Cornerstone Planning Group LLC boosted its holdings in Zeta Global by 3,150.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company's stock valued at $26,000 after purchasing an additional 1,260 shares in the last quarter. DV Equities LLC acquired a new position in Zeta Global during the 4th quarter worth approximately $29,000. Binnacle Investments Inc purchased a new position in shares of Zeta Global during the 3rd quarter worth approximately $30,000. United Community Bank purchased a new position in shares of Zeta Global during the 4th quarter worth approximately $31,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Zeta Global by 204.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company's stock valued at $33,000 after buying an additional 1,406 shares during the period. 87.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ZETA has been the topic of a number of analyst reports. Bank of America lifted 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. Wall Street Zen upgraded Zeta Global from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. The Goldman Sachs Group set a $28.00 target price on Zeta Global and gave the company a "neutral" rating in a report on Wednesday, June 24th. Needham & Company LLC boosted their target price on shares of Zeta Global from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Finally, B. Riley Financial reaffirmed a "buy" rating and set a $32.00 price target (up from $30.00) on shares of Zeta Global in a research note on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.31.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $29.02 on Friday. The business's 50 day simple moving average is $21.84 and its 200-day simple moving average is $19.15. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of -1,451.00, a price-to-earnings-growth ratio of 4.10 and a beta of 1.39. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.38 and a quick ratio of 2.38. Zeta Global Holdings Corp. has a 12 month low of $14.36 and a 12 month high of $29.89.

Zeta Global (NYSE:ZETA - Get Free Report) last released 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). Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.The firm had revenue of $442.77 million during the quarter, compared to analyst estimates of $420.61 million. During the same quarter in the prior year, the company earned ($0.10) EPS. The business's revenue was up 43.6% on a year-over-year basis. As a group, equities analysts forecast that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zeta Global 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 value of $149,175.00. Following the sale, the director owned 50,350 shares of the company's stock, valued at approximately $1,001,461.50. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.74% of the company's stock.

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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