Stephens Investment Management Group LLC Acquires 867,540 Shares of Zeta Global Holdings Corp. $ZETA

Stephens Investment Management Group LLC raised its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 92.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,802,642 shares of the company’s stock after acquiring an additional 867,540 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.76% of Zeta Global worth $35,818,000 as of its most recent filing with the Securities & Exchange Commission.

A number of 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 2nd quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company’s stock worth $107,674,000 after buying an additional 4,451,181 shares during the period. Geode Capital Management LLC grew its stake in Zeta Global by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,835,620 shares of the company’s stock worth $74,913,000 after acquiring an additional 174,972 shares in the last quarter. State Street Corp increased its position in shares of Zeta Global by 4.8% during the second quarter. State Street Corp now owns 4,671,750 shares of the company’s stock worth $72,365,000 after acquiring an additional 215,932 shares during the period. Bwcp LP raised its stake in shares of Zeta Global by 4.8% during the second quarter. Bwcp LP now owns 2,740,611 shares of the company’s stock valued at $42,452,000 after acquiring an additional 125,815 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Zeta Global by 857.2% in the second quarter. Marshall Wace LLP now owns 2,679,321 shares of the company’s stock valued at $41,503,000 after purchasing an additional 2,399,408 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ZETA. Citigroup started coverage on Zeta Global in a report on Friday, November 21st. They set a “buy” rating and a $26.00 price objective on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $23.00 target price on shares of Zeta Global in a report on Thursday, November 6th. Wall Street Zen lowered Zeta Global from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. DA Davidson set a $29.00 price objective on Zeta Global in a report on Monday. Finally, UBS Group set a $29.00 price objective on shares of Zeta Global in a research note on Tuesday, November 25th. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.75.

Zeta Global Price Performance

NYSE ZETA opened at $20.29 on Friday. The firm’s fifty day simple moving average is $19.50 and its two-hundred day simple moving average is $18.66. The firm has a market capitalization of $4.88 billion, a P/E ratio of -169.07, a P/E/G ratio of 2.29 and a beta of 1.26. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.29. Zeta Global Holdings Corp. has a 12-month low of $10.69 and a 12-month high of $26.60.

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

Insiders Place Their Bets

In other Zeta Global news, Director Jeanine Silberblatt sold 12,990 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $19.34, for a total transaction of $251,226.60. Following the transaction, the director owned 57,850 shares in the company, valued at approximately $1,118,819. This represents a 18.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 13.02% of the company’s stock.

About Zeta Global

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.