Entropy Technologies LP Has $648,000 Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Entropy Technologies LP grew its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 45.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,045 shares of the company’s stock after purchasing an additional 11,270 shares during the quarter. Entropy Technologies LP’s holdings in Zeta Global were worth $648,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Zeta Global by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock worth $37,015,000 after acquiring an additional 293,583 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Zeta Global by 31.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock worth $51,980,000 after purchasing an additional 413,577 shares during the last quarter. Hodges Capital Management Inc. increased its holdings in Zeta Global by 163.1% in the fourth quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock valued at $7,798,000 after purchasing an additional 268,710 shares during the period. Empowered Funds LLC bought a new position in Zeta Global during the 3rd quarter worth $5,644,000. Finally, Qsemble Capital Management LP acquired a new position in Zeta Global during the 3rd quarter worth about $1,752,000. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Stock Performance

Shares of Zeta Global stock opened at $20.62 on Wednesday. The business has a 50-day simple moving average of $19.57 and a 200 day simple moving average of $23.87. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of -29.45, a PEG ratio of 1.54 and a beta of 1.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global Holdings Corp. has a one year low of $9.35 and a one year high of $38.20.

Zeta Global (NYSE:ZETA) last issued its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. During the same period in the previous year, the company earned ($0.27) earnings per share. Zeta Global’s revenue for the quarter was up 42.0% compared to the same quarter last year. On average, research analysts anticipate that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZETA. Needham & Company LLC restated a “buy” rating and set a $43.00 price objective on shares of Zeta Global in a research report on Thursday, January 16th. Craig Hallum raised their price target on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Barclays upped their price objective on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. KeyCorp downgraded shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Finally, Royal Bank of Canada cut their price target on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.43.

Insider Activity

In related news, COO Steven H. Gerber acquired 13,250 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $18.55 per share, for a total transaction of $245,787.50. Following the completion of the acquisition, the chief operating officer now owns 2,940,811 shares of the company’s stock, valued at approximately $54,552,044.05. This represents a 0.45 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Steinberg bought 53,676 shares of the company’s stock in a transaction on Monday, November 18th. The stock was bought at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the purchase, the chief executive officer now owns 65,310 shares of the company’s stock, valued at approximately $1,256,564.40. The trade was a 461.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 129,901 shares of company stock worth $2,471,244 over the last three months. 25.54% of the stock is currently owned by insiders.

Zeta Global Company Profile

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.