SG Americas Securities LLC Has $1.85 Million Position in Zeta Global Holdings Corp. $ZETA

SG Americas Securities LLC lifted its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 536.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,216 shares of the company’s stock after acquiring an additional 78,575 shares during the period. SG Americas Securities LLC’s holdings in Zeta Global were worth $1,852,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ZETA. Greenvale Capital LLP increased its stake in Zeta Global by 178.0% in the second quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company’s stock valued at $107,674,000 after purchasing an additional 4,451,181 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Zeta Global by 857.2% in the 2nd quarter. Marshall Wace LLP now owns 2,679,321 shares of the company’s stock valued at $41,503,000 after buying an additional 2,399,408 shares during the period. Norges Bank acquired a new position in shares of Zeta Global in the 2nd quarter valued at $33,474,000. Granite Investment Partners LLC increased its position in shares of Zeta Global by 167.4% in the 2nd quarter. Granite Investment Partners LLC now owns 1,148,466 shares of the company’s stock valued at $17,790,000 after buying an additional 719,005 shares in the last quarter. Finally, Ophir Asset Management Pty Ltd raised its stake in Zeta Global by 48.9% during the 2nd quarter. Ophir Asset Management Pty Ltd now owns 1,858,278 shares of the company’s stock worth $28,915,000 after buying an additional 610,568 shares during the period. Institutional investors own 87.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ZETA shares. Citigroup assumed coverage on Zeta Global in a research note on Friday, November 21st. They issued a “buy” rating and a $26.00 target price for the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $23.00 price objective on shares of Zeta Global in a research report on Thursday, November 6th. Truist Financial raised their target price on shares of Zeta Global from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Wall Street Zen lowered shares of Zeta Global from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, Canaccord Genuity Group upped their price target on shares of Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.42.

Insider Activity at Zeta Global

In other news, Director Jeanine Silberblatt sold 12,990 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $19.34, for a total value of $251,226.60. Following the completion of the transaction, the director owned 57,850 shares in the company, valued at $1,118,819. This trade represents a 18.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.02% of the stock is currently owned by corporate insiders.

Zeta Global Trading Down 5.5%

NYSE:ZETA opened at $22.22 on Thursday. Zeta Global Holdings Corp. has a twelve month low of $10.69 and a twelve month high of $26.60. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $19.44 and a two-hundred day moving average price of $18.60. The company has a market cap of $5.35 billion, a P/E ratio of -185.15, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Zeta Global had a negative net margin of 1.87% and a negative return on equity of 1.22%. The business had revenue of $337.17 million during the quarter, compared to analyst estimates of $327.70 million. During the same quarter last year, the business earned ($0.09) earnings per share. Zeta Global’s revenue for the quarter was up 25.6% on a year-over-year basis. As a group, analysts expect that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

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.