Royal Bank of Canada Purchases 229,533 Shares of Zeta Global Holdings Corp. $ZETA

Royal Bank of Canada increased its position in Zeta Global Holdings Corp. (NYSE:ZETAFree Report) by 69.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 558,179 shares of the company’s stock after acquiring an additional 229,533 shares during the quarter. Royal Bank of Canada owned about 0.23% of Zeta Global worth $8,887,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its position in Zeta Global by 3,150.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,260 shares during the period. DV Equities LLC bought a new stake in shares of Zeta Global in the fourth quarter valued at approximately $29,000. United Community Bank bought a new stake in shares of Zeta Global in the fourth quarter valued at approximately $31,000. Binnacle Investments Inc purchased a new stake in shares of Zeta Global during the 3rd quarter valued at approximately $30,000. Finally, National Bank of Canada FI lifted its stake in shares of Zeta Global by 223.1% during the 3rd quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock valued at $36,000 after buying an additional 1,267 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $26.60 on Monday. The company has a 50 day moving average of $21.35 and a 200 day moving average of $18.87. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.21. The stock has a market cap of $6.63 billion, a P/E ratio of -1,329.95, a P/E/G ratio of 3.81 and a beta of 1.39. Zeta Global Holdings Corp. has a 12 month low of $14.36 and a 12 month high of $28.50.

Zeta Global (NYSE:ZETAGet Free Report) last posted its earnings results 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). The firm had revenue of $442.77 million during the quarter, compared to analysts’ expectations of $420.61 million. Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.The business’s revenue for the quarter was up 43.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) earnings per share. As a group, sell-side analysts forecast that Zeta Global Holdings Corp. will post 0.21 EPS for the current fiscal year.

Trending Headlines about Zeta Global

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Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ZETA. Needham & Company LLC lifted their price objective on shares of Zeta Global from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded Zeta Global from a “hold” rating to a “buy” rating in a research report on Sunday. Freedom Capital lowered Zeta Global from a “strong-buy” rating to a “hold” rating in a report on Thursday. The Goldman Sachs Group set a $28.00 price target on Zeta Global and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Finally, Bank of America boosted their price objective on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Zeta Global presently has an average rating of “Moderate Buy” and a consensus target price of $29.62.

Check Out Our Latest Stock Analysis on Zeta Global

Insider Buying and Selling

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $19.89, for a total value of $149,175.00. Following the transaction, the director directly owned 50,350 shares in the company, valued at $1,001,461.50. This represents a 12.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.74% of the stock is currently owned by insiders.

About Zeta Global

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Zeta Global (NYSE:ZETA)

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