Washington Trust Advisors Inc. Makes New Investment in Zeta Global Holdings Corp. $ZETA

Washington Trust Advisors Inc. acquired a new position in Zeta Global Holdings Corp. (NYSE:ZETA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 93,672 shares of the company’s stock, valued at approximately $1,843,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mackenzie Financial Corp increased its holdings in Zeta Global by 4.8% in the third quarter. Mackenzie Financial Corp now owns 12,195 shares of the company’s stock worth $242,000 after purchasing an additional 560 shares in the last quarter. Verus Capital Partners LLC boosted its holdings in shares of Zeta Global by 1.2% during the 4th quarter. Verus Capital Partners LLC now owns 49,100 shares of the company’s stock worth $999,000 after buying an additional 600 shares in the last quarter. Essential Partners LLC boosted its holdings in shares of Zeta Global by 30.9% during the 1st quarter. Essential Partners LLC now owns 2,670 shares of the company’s stock worth $43,000 after buying an additional 630 shares in the last quarter. SlateStone Wealth LLC increased its stake in shares of Zeta Global by 3.9% in the 4th quarter. SlateStone Wealth LLC now owns 19,801 shares of the company’s stock valued at $403,000 after acquiring an additional 750 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Zeta Global by 2.3% in the 4th quarter. Hsbc Holdings PLC now owns 34,938 shares of the company’s stock valued at $724,000 after acquiring an additional 793 shares in the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ZETA shares. Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Citigroup lifted their price target on shares of Zeta Global from $26.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. B. Riley Financial reissued a “buy” rating and set a $32.00 price objective (up from $30.00) on shares of Zeta Global in a research report on Wednesday, August 5th. Freedom Capital cut shares of Zeta Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, Needham & Company LLC raised their target price on Zeta Global from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.77.

Zeta Global Price Performance

Shares of ZETA opened at $31.32 on Monday. Zeta Global Holdings Corp. has a 12-month low of $14.36 and a 12-month high of $32.81. The business’s fifty day moving average is $24.89 and its 200 day moving average is $20.44. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21. The stock has a market cap of $7.86 billion, a P/E ratio of -1,566.00, a P/E/G ratio of 4.42 and a beta of 1.43.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. The business had revenue of $442.77 million for the quarter, compared to the consensus estimate of $420.61 million. During the same quarter last year, the firm posted ($0.10) EPS. The business’s revenue for the quarter was up 43.6% compared to the same quarter last year. Sell-side analysts anticipate that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jeanine Silberblatt sold 7,500 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the sale, the director directly owned 50,350 shares of the company’s stock, valued at $1,001,461.50. The trade was a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 10.74% of the stock is owned by corporate insiders.

Zeta Global 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.