GatePass Capital LLC Has $1.89 Million Holdings in Zeta Global Holdings Corp. $ZETA

GatePass Capital LLC trimmed its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 39.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,000 shares of the company’s stock after selling 60,227 shares during the quarter. Zeta Global makes up approximately 1.0% of GatePass Capital LLC’s portfolio, making the stock its 24th largest position. GatePass Capital LLC’s holdings in Zeta Global were worth $1,893,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Zeta Global by 6.1% during the fourth quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock valued at $469,094,000 after acquiring an additional 1,325,717 shares during the period. Disciplined Growth Investors Inc. MN acquired a new position in Zeta Global in the 3rd quarter worth approximately $121,502,000. Capital World Investors grew its position in Zeta Global by 0.9% during the 3rd quarter. Capital World Investors now owns 4,979,853 shares of the company’s stock worth $98,950,000 after purchasing an additional 44,903 shares in the last quarter. State Street Corp grew its position in Zeta Global by 4.8% during the 2nd quarter. State Street Corp now owns 4,671,750 shares of the company’s stock worth $72,365,000 after purchasing an additional 215,932 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Zeta Global by 11.0% during the 3rd quarter. Marshall Wace LLP now owns 2,973,263 shares of the company’s stock valued at $59,079,000 after purchasing an additional 293,942 shares during the period. 87.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on ZETA shares. Wall Street Zen raised Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. DA Davidson upped their price target on Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. KeyCorp raised Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research note on Tuesday, April 28th. The Goldman Sachs Group raised their price objective 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, Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a report on Monday, April 20th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.83.

Zeta Global Trading Down 0.0%

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. Zeta Global Holdings Corp. has a 1-year low of $12.10 and a 1-year high of $24.90. The firm’s fifty day simple moving average is $17.00 and its 200-day simple moving average is $18.20. The company has a market capitalization of $4.59 billion, a PE 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 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Zeta Global had a positive return on equity of 2.91% and a negative net margin of 1.62%.The firm had revenue of $394.64 million for the quarter, compared to the consensus estimate of $378.09 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

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.