Zeta Global Holdings Corp. $ZETA Stock Holdings Trimmed by GatePass Capital LLC

GatePass Capital LLC cut its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 39.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,000 shares of the company’s stock after selling 60,227 shares during the quarter. Zeta Global accounts for about 1.0% of GatePass Capital LLC’s investment portfolio, making the stock its 24th largest holding. GatePass Capital LLC’s holdings in Zeta Global were worth $1,893,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Disciplined Growth Investors Inc. MN acquired a new stake in Zeta Global in the third quarter worth $121,502,000. M&T Bank Corp increased its holdings in shares of Zeta Global by 12,545.2% in the 4th quarter. M&T Bank Corp now owns 2,233,649 shares of the company’s stock worth $45,455,000 after acquiring an additional 2,215,985 shares during the period. Annex Advisory Services LLC bought a new stake in Zeta Global in the 4th quarter valued at about $42,136,000. Vanguard Group Inc. boosted its stake in Zeta Global by 6.1% during the 4th quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock valued at $469,094,000 after purchasing an additional 1,325,717 shares during the period. Finally, Summit Partners Public Asset Management LLC bought a new position in Zeta Global in the 3rd quarter worth about $15,539,000. 87.75% of the stock is owned by institutional investors.

Zeta Global Stock Performance

NYSE:ZETA opened at $18.79 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average of $17.00 and a 200-day moving average of $18.20. Zeta Global Holdings Corp. has a twelve month low of $12.10 and a twelve month high of $24.90. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of -170.77, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. DA Davidson lifted their price target on Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, February 26th. The Goldman Sachs Group lifted their target price on Zeta Global from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research note on Monday, April 20th. Bank of America started coverage on Zeta Global in a report on Tuesday, May 19th. They set a “buy” rating and a $24.00 price target on the stock. Finally, B. Riley Financial restated a “buy” rating on shares of Zeta Global in a research note on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average 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.