Zeta Global Holdings Corp. $ZETA Stake Cut by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors cut its Zeta Global stake by 15.3% in the third quarter, selling 213,339 shares and retaining 1.18 million shares valued at approximately $37.3 million. Institutional investors collectively own 87.75% of the company.
• Analyst sentiment remains favorable, with 11 Buy ratings, three Holds and one Sell. Zeta Global has a consensus rating of Moderate Buy and an average price target of $36, while Bank of America raised its target to $34.
• Zeta Global reported quarterly revenue of $442.8 million, up 43.6% year over year and above expectations, but its $0.03 EPS missed the $0.20 consensus estimate. Shares opened at $32.30 after trading down 4.4%.

Fort Washington Investment Advisors Inc. OH trimmed its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 15.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,182,282 shares of the company's stock after selling 213,339 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.47% of Zeta Global worth $37,325,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ZETA. Integrated Wealth Concepts LLC boosted its stake in shares of Zeta Global by 4.3% in the second quarter. Integrated Wealth Concepts LLC now owns 11,262 shares of the company's stock valued at $222,000 after buying an additional 469 shares in the last quarter. Versant Capital Management Inc raised its position in Zeta Global by 54.9% in the third quarter. Versant Capital Management Inc now owns 1,340 shares of the company's stock worth $42,000 after acquiring an additional 475 shares in the last quarter. Essential Partners LLC lifted its holdings in Zeta Global by 30.9% in the first quarter. Essential Partners LLC now owns 2,670 shares of the company's stock valued at $43,000 after acquiring an additional 630 shares during the period. Hsbc Holdings PLC lifted its holdings in Zeta Global by 2.3% in the fourth quarter. Hsbc Holdings PLC now owns 34,938 shares of the company's stock valued at $724,000 after acquiring an additional 793 shares during the period. Finally, Cornerstone Planning Group LLC lifted its holdings in Zeta Global by 66.7% in the first quarter. Cornerstone Planning Group LLC now owns 2,167 shares of the company's stock valued at $34,000 after acquiring an additional 867 shares during the period. 87.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on ZETA. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Zeta Global in a report on Friday, July 17th. The Goldman Sachs Group set a $28.00 price target on shares of Zeta Global and gave the company a "neutral" rating in a research report on Wednesday, June 24th. William Blair set a $29.00 price target on Zeta Global in a report on Thursday, August 6th. Wall Street Zen raised Zeta Global from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. Finally, Bank of America raised their price objective on Zeta Global from $29.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Eleven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $36.00.

Zeta Global Trading Down 4.4%

Shares of ZETA stock opened at $32.30 on Thursday. Zeta Global Holdings Corp. has a 1-year low of $14.36 and a 1-year high of $34.92. The firm's 50-day simple moving average is $30.35 and its 200-day simple moving average is $23.20. The firm has a market cap of $8.11 billion, a P/E ratio of -1,614.90, a PEG ratio of 4.77 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 (NYSE:ZETA - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $420.61 million. During the same quarter in the previous year, the business posted ($0.10) EPS. The company's quarterly 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 EPS for the current year.

Zeta Global Company Profile

Zeta Global is a technology company that provides data-driven marketing and customer-experience solutions to brands and agencies. Its platform helps organizations acquire, grow and retain customers by combining consumer data, artificial intelligence and marketing automation across digital channels.

The company's offerings include the Zeta Marketing Platform, which supports audience discovery, campaign planning, activation, personalization and measurement. Zeta also provides data-management and analytics capabilities through its proprietary data assets, helping marketers develop customer insights and deliver coordinated campaigns across channels such as email, online advertising, connected television and other digital media.

Founded in 2007, Zeta Global serves enterprise marketers and agencies, primarily in the United States and other markets where digital advertising and customer-engagement services are in demand.

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