Washington Trust Advisors Inc. Buys New Position in Zeta Global Holdings Corp. $ZETA

Washington Trust Advisors Inc. purchased a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 93,672 shares of the company’s stock, valued at approximately $1,843,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mackenzie Financial Corp lifted its stake in Zeta Global by 4.8% during the 3rd quarter. Mackenzie Financial Corp now owns 12,195 shares of the company’s stock valued at $242,000 after acquiring an additional 560 shares in the last quarter. Verus Capital Partners LLC grew its stake in shares of Zeta Global by 1.2% in the 4th quarter. Verus Capital Partners LLC now owns 49,100 shares of the company’s stock worth $999,000 after acquiring an additional 600 shares in the last quarter. Essential Partners LLC grew its stake in shares of Zeta Global by 30.9% in the 1st quarter. Essential Partners LLC now owns 2,670 shares of the company’s stock worth $43,000 after acquiring an additional 630 shares in the last quarter. SlateStone Wealth LLC raised its holdings in shares of Zeta Global by 3.9% in the fourth quarter. SlateStone Wealth LLC now owns 19,801 shares of the company’s stock valued at $403,000 after purchasing an additional 750 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Zeta Global by 2.3% in the fourth quarter. Hsbc Holdings PLC now owns 34,938 shares of the company’s stock valued at $724,000 after purchasing an additional 793 shares during the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ZETA. Bank of America boosted their price target on shares of Zeta Global from $29.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Needham & Company LLC lifted their target price on shares of Zeta Global from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. B. Riley Financial restated a “buy” rating and issued a $32.00 target price (up from $30.00) on shares of Zeta Global in a research note on Wednesday, August 5th. DA Davidson upped their target price on Zeta Global from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research report on Friday, July 17th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.77.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $31.32 on Monday. The company has a market capitalization of $7.86 billion, a P/E ratio of -1,566.00, a price-to-earnings-growth ratio of 4.42 and a beta of 1.43. The company’s 50-day moving average is $24.89 and its 200 day moving average is $20.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.38 and a current ratio of 2.38. Zeta Global Holdings Corp. has a fifty-two week low of $14.36 and a fifty-two week high of $32.81.

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

Insider Activity

In related news, Director Jeanine Silberblatt sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $19.89, for a total value of $149,175.00. Following the transaction, the director owned 50,350 shares in the company, valued at approximately $1,001,461.50. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.74% of the stock is currently owned by 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.