Intech Investment Management LLC Makes New $1.46 Million Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

Intech Investment Management LLC purchased a new position in Zeta Global Holdings Corp. (NYSE:ZETA) during the third quarter, HoldingsChannel reports. The institutional investor purchased 48,792 shares of the company’s stock, valued at approximately $1,455,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Zeta Global by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after buying an additional 431,077 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Zeta Global by 85.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock worth $35,635,000 after buying an additional 929,800 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Zeta Global by 1,444.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after buying an additional 1,728,005 shares during the last quarter. Bwcp LP boosted its stake in Zeta Global by 6.2% in the 2nd quarter. Bwcp LP now owns 1,805,867 shares of the company’s stock worth $31,874,000 after buying an additional 106,034 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in Zeta Global in the 2nd quarter worth about $28,698,000. 75.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. DA Davidson raised their price objective on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Roth Mkm raised their price objective on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Canaccord Genuity Group raised their price objective on Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Truist Financial restated a “buy” rating and issued a $42.00 price objective (up from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Finally, B. Riley raised their price objective on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Zeta Global has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Zeta Global Price Performance

ZETA stock opened at $21.27 on Tuesday. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a 52-week low of $7.65 and a 52-week high of $38.20. The stock’s 50 day moving average is $28.00 and its two-hundred day moving average is $22.93. The company has a market capitalization of $5.05 billion, a PE ratio of -30.39 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The business had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. During the same quarter in the prior year, the firm earned ($0.27) earnings per share. Zeta Global’s revenue for the quarter was up 42.0% compared to the same quarter last year. Analysts predict that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Imran Khan bought 55,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $18.96 per share, for a total transaction of $1,042,800.00. Following the transaction, the director now owns 55,000 shares in the company, valued at $1,042,800. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Steven H. Gerber bought 13,250 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $18.55 per share, with a total value of $245,787.50. Following the transaction, the chief operating officer now owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This represents a 0.45 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 129,901 shares of company stock worth $2,471,244 in the last three months. 25.54% of the stock is owned by insiders.

About Zeta Global

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.