Hodges Capital Management Inc. Has $7.80 Million Stock Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Hodges Capital Management Inc. grew its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 163.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 433,473 shares of the company's stock after acquiring an additional 268,710 shares during the period. Hodges Capital Management Inc. owned about 0.18% of Zeta Global worth $7,798,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Lord Abbett & CO. LLC increased its holdings in Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock worth $170,332,000 after acquiring an additional 2,623,980 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Zeta Global by 18.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company's stock valued at $127,302,000 after acquiring an additional 674,192 shares during the last quarter. State Street Corp increased its holdings in shares of Zeta Global by 12.2% in the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company's stock worth $124,900,000 after buying an additional 455,944 shares during the last quarter. FMR LLC lifted its stake in Zeta Global by 84,132.4% during the third quarter. FMR LLC now owns 3,561,347 shares of the company's stock worth $106,235,000 after purchasing an additional 3,557,119 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC raised its stake in shares of Zeta Global by 210.4% during the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company's stock worth $74,978,000 after acquiring an additional 1,703,679 shares in the last quarter. Institutional investors own 87.75% of the company's stock.

Insider Transactions at Zeta Global

In related news, Director Imran Khan purchased 55,000 shares of the company's stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the transaction, the director now owns 55,000 shares of the company's stock, valued at $1,042,800. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Christopher E. Greiner bought 7,975 shares of the business's stock in a transaction on Monday, November 18th. The stock was bought at an average price of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the purchase, the chief financial officer now directly owns 2,330,010 shares of the company's stock, valued at $43,804,188. The trade was a 0.34 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 129,901 shares of company stock valued at $2,471,244 over the last three months. 25.54% of the stock is currently owned by insiders.

Zeta Global Stock Up 12.0 %

Shares of Zeta Global stock traded up $2.26 during trading hours on Thursday, hitting $21.04. The company had a trading volume of 8,519,853 shares, compared to its average volume of 4,099,420. The company's 50-day moving average is $19.68 and its two-hundred day moving average is $23.81. Zeta Global Holdings Corp. has a twelve month low of $9.35 and a twelve month high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The company has a market cap of $4.99 billion, a P/E ratio of -30.05, a price-to-earnings-growth ratio of 1.35 and a beta of 1.17.

Zeta Global (NYSE:ZETA - Get Free Report) last announced its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.26). The company had revenue of $268.30 million during the quarter, compared to analysts' expectations of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The company's revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.27) earnings per share. Analysts anticipate that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ZETA. Craig Hallum lifted their target price on shares of Zeta Global from $37.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Truist Financial reiterated a "buy" rating and issued a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Barclays raised their price target on Zeta Global from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Oppenheimer upped their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group initiated coverage on shares of Zeta Global in a research note on Wednesday, December 11th. They set a "neutral" rating and a $30.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Zeta Global currently has an average rating of "Moderate Buy" and a consensus price target of $37.43.

Zeta Global Company Profile

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company's Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry's opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.