Zeta Global Holdings Corp. $ZETA Shares Purchased by New York State Common Retirement Fund

Key Points

• New York State Common Retirement Fund boosted its stake in Zeta Global by 235.8%, buying 480,495 shares to hold 684,303 shares (0.29%) worth about $13.6 million, and other institutions also raised positions so institutional ownership sits at 87.75%.
• Brokerage sentiment is broadly positive with a consensus rating of "Moderate Buy" and a $28.00 consensus price target (nine Buys, four Holds, one Sell); Bank of America and Goldman Sachs recently raised their targets to $30 and $26 respectively.
• Operational and insider activity: Zeta reported Q results with $0.18 EPS (missed by $0.01) but revenue of $337.17M beat estimates and rose 25.6% YoY; Director Jeanine Silberblatt sold 12,990 shares at $19.34 and insiders now own 13.02% of the stock.

New York State Common Retirement Fund increased its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 235.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 684,303 shares of the company's stock after purchasing an additional 480,495 shares during the period. New York State Common Retirement Fund owned 0.29% of Zeta Global worth $13,597,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Stanley Laman Group Ltd. acquired a new position in shares of Zeta Global in the third quarter valued at approximately $2,834,000. Stephens Investment Management Group LLC lifted its holdings in Zeta Global by 92.8% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,802,642 shares of the company's stock worth $35,818,000 after buying an additional 867,540 shares in the last quarter. William Blair Investment Management LLC boosted its position in Zeta Global by 37.3% in the 2nd quarter. William Blair Investment Management LLC now owns 1,247,870 shares of the company's stock valued at $19,330,000 after buying an additional 339,247 shares during the period. Perkins Capital Management Inc. acquired a new position in shares of Zeta Global in the third quarter worth $1,143,000. Finally, Lisanti Capital Growth LLC grew its stake in shares of Zeta Global by 142.8% in the second quarter. Lisanti Capital Growth LLC now owns 149,080 shares of the company's stock worth $2,309,000 after acquiring an additional 87,680 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ZETA. Weiss Ratings reiterated a "sell (d-)" rating on shares of Zeta Global in a research note on Wednesday, January 21st. Bank of America upped their price target on Zeta Global from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, November 25th. Wall Street Zen cut Zeta Global from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. DA Davidson set a $29.00 price objective on Zeta Global in a research report on Monday, January 12th. Finally, The Goldman Sachs Group upped their target price on shares of Zeta Global from $23.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued 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 $28.00.

Insider Buying and Selling

In other Zeta Global news, Director Jeanine Silberblatt sold 12,990 shares of the business's stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $19.34, for a total value of $251,226.60. Following the completion of the sale, the director owned 57,850 shares in the company, valued at approximately $1,118,819. The trade was a 18.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.02% of the stock is currently owned by company insiders.

Zeta Global Stock Up 0.4%

Zeta Global stock opened at $18.66 on Tuesday. The stock's fifty day moving average is $19.95 and its two-hundred day moving average is $19.12. The stock has a market cap of $4.49 billion, a PE ratio of -155.45, a P/E/G ratio of 1.91 and a beta of 1.26. Zeta Global Holdings Corp. has a 1-year low of $10.69 and a 1-year high of $26.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.01 and a quick ratio of 3.01.

Zeta Global (NYSE:ZETA - Get Free Report) last posted its earnings results on Tuesday, November 4th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). Zeta Global had a negative return on equity of 1.22% and a negative net margin of 1.87%.The business had revenue of $337.17 million for the quarter, compared to analysts' expectations of $327.70 million. During the same quarter in the previous year, the firm earned ($0.09) EPS. Zeta Global's revenue for the quarter was up 25.6% compared to the same quarter last year. On average, sell-side analysts expect that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal 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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