DNB Asset Management AS Buys 54,812 Shares of Zeta Global Holdings Corp. $ZETA

DNB Asset Management AS boosted its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 45.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,389 shares of the company’s stock after buying an additional 54,812 shares during the quarter. DNB Asset Management AS’s holdings in Zeta Global were worth $3,590,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZETA. Advisors Asset Management Inc. lifted its holdings in Zeta Global by 34.2% during the 1st quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company’s stock valued at $62,000 after buying an additional 1,168 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Zeta Global by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,371 shares of the company’s stock valued at $1,442,000 after buying an additional 4,631 shares in the last quarter. Caxton Associates LLP bought a new stake in Zeta Global during the 1st quarter valued at about $205,000. Woodline Partners LP bought a new stake in shares of Zeta Global in the 1st quarter valued at about $222,000. Finally, Strs Ohio bought a new stake in shares of Zeta Global in the 1st quarter valued at about $117,000. Institutional investors own 87.75% of the company’s stock.

Zeta Global Trading Down 5.0%

NYSE:ZETA opened at $18.22 on Wednesday. The firm has a 50-day simple moving average of $17.00 and a 200-day simple moving average of $18.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. Zeta Global Holdings Corp. has a one year low of $12.10 and a one year high of $24.90. The firm has a market cap of $4.45 billion, a P/E ratio of -165.66, a P/E/G ratio of 2.89 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Zeta Global had a negative net margin of 1.62% and a positive return on equity of 2.91%. The firm had revenue of $394.64 million for the quarter, compared to the consensus estimate of $378.09 million. During the same quarter in the previous year, the firm earned $0.06 EPS. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. Equities analysts anticipate that Zeta Global Holdings Corp. will post 0.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on ZETA shares. Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. KeyCorp upgraded shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price target for the company in a report on Tuesday, April 28th. Bank of America started coverage on shares of Zeta Global in a report on Tuesday. They issued a “buy” rating and a $24.00 price target for the company. B. Riley Financial restated a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. Finally, DA Davidson boosted their price target on shares of Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Zeta Global presently has a consensus rating of “Moderate Buy” and an average target price of $27.83.

Zeta Global Company 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.