Zeta Global Holdings Corp. $ZETA Shares Sold by Comerica Bank

Key Points

• Comerica Bank cut its stake in Zeta Global by 44.4% in Q4, selling 102,949 shares and leaving it with 129,078 shares worth about $2.63 million.
• Several large investors added to positions—New York State Common Retirement Fund rose 235.8% to 684,303 shares, Stephens increased its holding 92.8% to 1.8 million shares, and institutional ownership totals 87.75%.
• Zeta beat Q4 estimates with EPS of $0.28 (vs. $0.23) and revenue of $394.6M (vs. $378.1M), revenue was up 25.4% YoY, and analysts maintain a generally positive view with an average target of $28.33.

Comerica Bank lowered its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 44.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,078 shares of the company's stock after selling 102,949 shares during the period. Comerica Bank owned 0.05% of Zeta Global worth $2,627,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. New York State Common Retirement Fund increased its position in Zeta Global by 235.8% during the third quarter. New York State Common Retirement Fund now owns 684,303 shares of the company's stock worth $13,597,000 after buying an additional 480,495 shares in the last quarter. Stanley Laman Group Ltd. purchased a new position in Zeta Global during the third quarter worth $2,834,000. Stephens Investment Management Group LLC increased its position in Zeta Global by 92.8% during the third 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. Perkins Capital Management Inc. purchased a new position in Zeta Global during the third quarter worth $1,143,000. Finally, Fort Washington Investment Advisors Inc. OH purchased a new position in Zeta Global during the fourth quarter worth $13,976,000. Institutional investors and hedge funds own 87.75% of the company's stock.

Zeta Global Price Performance

ZETA stock opened at $18.45 on Tuesday. Zeta Global Holdings Corp. has a 52-week low of $12.10 and a 52-week high of $24.90. The stock's fifty day simple moving average is $17.07 and its 200-day simple moving average is $18.26. 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 has a market capitalization of $4.50 billion, a price-to-earnings ratio of -167.74, a price-to-earnings-growth ratio of 2.12 and a beta of 1.29.

Zeta Global (NYSE:ZETA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. Zeta Global had a positive return on equity of 3.07% and a negative net margin of 1.62%.The business had revenue of $394.64 million for the quarter, compared to analysts' expectations of $378.09 million. During the same quarter last year, the firm earned $0.06 earnings per share. The business's revenue was up 25.4% on a year-over-year basis. Equities research analysts expect that Zeta Global Holdings Corp. will post 0.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Royal Bank Of Canada raised their price target on Zeta Global from $27.00 to $29.00 and gave the stock an "outperform" rating in a research report on Friday. B. Riley Financial reissued a "buy" rating on shares of Zeta Global in a research report on Friday. DA Davidson raised their price target on Zeta Global from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th. KeyCorp raised Zeta Global from a "sector weight" rating to an "overweight" rating and set a $22.00 price target for the company in a research report on Tuesday, April 28th. Finally, Wall Street Zen raised Zeta Global from a "hold" rating to a "buy" rating in a research report on Saturday, April 11th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $28.33.

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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