Zeta Global Holdings Corp. $ZETA Stock Sold by Skylands Capital LLC

Key Points

• Skylands Capital cut its Zeta Global stake by 62.7% in the third quarter, selling 44,675 shares and retaining 26,525 shares worth approximately $837,000.
• Institutional ownership remains high at 87.75%, while several investors—including Royal Bank of Canada and Cetera Investment Advisers—expanded their positions.
• Zeta shares recently traded at $34.14 after rising 1.8%. Analysts maintain a “Moderate Buy” consensus with an average price target of $37.06, despite the company missing its latest EPS estimate while reporting 43.6% year-over-year revenue growth.

Skylands Capital LLC lessened its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 62.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 26,525 shares of the company's stock after selling 44,675 shares during the period. Skylands Capital LLC's holdings in Zeta Global were worth $837,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Royal Bank of Canada increased its stake in shares of Zeta Global by 69.8% in the first quarter. Royal Bank of Canada now owns 558,179 shares of the company's stock worth $8,887,000 after purchasing an additional 229,533 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Zeta Global by 133.5% during the 1st quarter. Cetera Investment Advisers now owns 79,181 shares of the company's stock valued at $1,261,000 after purchasing an additional 45,264 shares during the period. California State Teachers Retirement System lifted its stake in shares of Zeta Global by 31.7% during the 1st quarter. California State Teachers Retirement System now owns 227,521 shares of the company's stock valued at $3,622,000 after buying an additional 54,703 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Zeta Global during the 2nd quarter valued at $2,148,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Zeta Global during the 2nd quarter valued at $3,480,000. Institutional investors own 87.75% of the company's stock.

Zeta Global Trading Up 1.8%

Shares of ZETA opened at $34.14 on Thursday. 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 1 year low of $14.36 and a 1 year high of $35.75. The company has a 50 day simple moving average of $30.92 and a two-hundred day simple moving average of $23.82. The firm has a market cap of $8.57 billion, a P/E ratio of -1,706.95, a price-to-earnings-growth ratio of 4.73 and a beta of 1.39.

Zeta Global (NYSE:ZETA - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 earnings per share (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 company had revenue of $442.77 million for the quarter, compared to the consensus estimate of $420.61 million. During the same quarter in the previous year, the business earned ($0.10) EPS. The company's quarterly revenue was up 43.6% on a year-over-year basis. On average, equities analysts expect that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on ZETA. Bank of America upped their target price on shares of Zeta Global from $29.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, August 19th. Citigroup raised their price target on Zeta Global from $26.00 to $35.00 and gave the company a "buy" rating in a report on Tuesday, August 11th. Needham & Company LLC raised their price target on Zeta Global from $30.00 to $40.00 and gave the company a "buy" rating in a report on Friday, October 9th. William Blair set a $29.00 price objective on Zeta Global in a research report on Thursday, August 6th. Finally, B. Riley Financial restated a "buy" rating on shares of Zeta Global in a research report on Friday, October 9th. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.06.

Zeta Global Profile

Zeta Global Holdings Corp. is a technology company that provides data-driven marketing and customer experience solutions. Its platform combines consumer data, analytics, artificial intelligence and marketing automation to help brands acquire, engage and retain customers across digital and traditional channels.

The company's offerings include the Zeta Marketing Platform, a technology suite designed to support audience identification, customer segmentation, campaign planning, personalization and measurement.

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