Zeta Global Holdings Corp. $ZETA Shares Sold by Comerica Bank

Comerica Bank decreased its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 44.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 129,078 shares of the company’s stock after selling 102,949 shares during the quarter. Comerica Bank’s holdings in Zeta Global were worth $2,627,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Binnacle Investments Inc acquired a new position in Zeta Global in the third quarter valued at $30,000. National Bank of Canada FI boosted its holdings in Zeta Global by 223.1% in the third quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock valued at $36,000 after acquiring an additional 1,267 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Zeta Global by 124.9% in the third quarter. Farther Finance Advisors LLC now owns 1,842 shares of the company’s stock valued at $37,000 after acquiring an additional 1,023 shares during the last quarter. Game Plan Financial Advisors LLC acquired a new position in Zeta Global in the third quarter valued at $55,000. Finally, Optiver Holding B.V. raised its position in Zeta Global by 97.1% in the third quarter. Optiver Holding B.V. now owns 2,940 shares of the company’s stock valued at $58,000 after purchasing an additional 1,448 shares during the period. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Stock Down 0.8%

Shares of NYSE ZETA opened at $18.45 on Tuesday. Zeta Global Holdings Corp. has a 1 year low of $12.10 and a 1 year high of $24.90. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of -167.74, a PEG ratio of 2.12 and a beta of 1.29. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.60 and a current ratio of 1.60. The stock’s 50-day simple moving average is $17.07 and its 200-day simple moving average is $18.26.

Zeta Global (NYSE:ZETA) last announced its earnings results on Tuesday, February 24th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Zeta Global had a positive return on equity of 3.07% and a negative net margin of 1.62%.The business had revenue of $394.64 million for the quarter, compared to analyst estimates of $378.09 million. During the same period in the previous year, the company earned $0.06 earnings per share. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, equities analysts anticipate that Zeta Global Holdings Corp. will post 0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZETA has been the topic of several research reports. B. Riley Financial reissued a “buy” rating on shares of Zeta Global in a research report on Friday. KeyCorp raised Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research report on Tuesday, April 28th. Wall Street Zen raised Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. The Goldman Sachs Group lifted their target price on Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, DA Davidson lifted their target price on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.33.

About Zeta Global

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.