Perkins Capital Management Inc. Acquires New Shares in Zeta Global Holdings Corp. $ZETA

Perkins Capital Management Inc. acquired a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the third quarter, Holdings Channel.com reports. The fund acquired 57,500 shares of the company’s stock, valued at approximately $1,143,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Stanley Laman Group Ltd. purchased a new position in shares of Zeta Global during the 3rd quarter valued at $2,834,000. Stephens Investment Management Group LLC raised its position in shares of Zeta Global by 92.8% in the third quarter. Stephens Investment Management Group LLC now owns 1,802,642 shares of the company’s stock worth $35,818,000 after buying an additional 867,540 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Zeta Global by 37.3% during the second quarter. William Blair Investment Management LLC now owns 1,247,870 shares of the company’s stock valued at $19,330,000 after buying an additional 339,247 shares during the period. Lisanti Capital Growth LLC grew its position in Zeta Global by 142.8% during the second quarter. Lisanti Capital Growth LLC now owns 149,080 shares of the company’s stock worth $2,309,000 after buying an additional 87,680 shares in the last quarter. Finally, Orion Capital Management LLC bought a new position in Zeta Global in the 2nd quarter worth about $276,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Trading Up 0.3%

ZETA stock opened at $21.74 on Monday. The company has a market capitalization of $5.23 billion, a PE ratio of -181.18, a price-to-earnings-growth ratio of 2.24 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.01 and a current ratio of 3.01. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $26.60. The company’s 50 day moving average price is $19.64 and its two-hundred day moving average price is $18.91.

Zeta Global (NYSE:ZETA) last released its earnings results on Tuesday, November 4th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $337.17 million for the quarter, compared to the consensus estimate of $327.70 million. Zeta Global had a negative net margin of 1.87% and a negative return on equity of 1.22%. Zeta Global’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.09) EPS. As a group, analysts predict that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jeanine Silberblatt sold 12,990 shares of Zeta Global stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $19.34, for a total value of $251,226.60. Following the transaction, the director owned 57,850 shares in the company, valued at approximately $1,118,819. The trade was a 18.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Zeta Global from $23.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research note on Monday, November 24th. B. Riley lifted their target price on shares of Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. The Goldman Sachs Group reissued a “neutral” rating and issued a $23.00 price target on shares of Zeta Global in a research note on Thursday, November 6th. Finally, Truist Financial increased their price target on shares of Zeta Global from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Zeta Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.75.

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.