Royal Bank of Canada Buys 229,533 Shares of Zeta Global Holdings Corp. $ZETA

Royal Bank of Canada lifted its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETAFree Report) by 69.8% in the first quarter, HoldingsChannel.com reports. The fund owned 558,179 shares of the company’s stock after acquiring an additional 229,533 shares during the quarter. Royal Bank of Canada’s holdings in Zeta Global were worth $8,887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in Zeta Global by 4.0% in the first quarter. The Manufacturers Life Insurance Company now owns 107,219 shares of the company’s stock valued at $1,707,000 after acquiring an additional 4,100 shares during the last quarter. Quantinno Capital Management LP lifted its stake in Zeta Global by 283.9% during the first quarter. Quantinno Capital Management LP now owns 42,673 shares of the company’s stock worth $679,000 after purchasing an additional 31,557 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Zeta Global during the first quarter worth about $3,610,000. Inceptionr LLC purchased a new position in shares of Zeta Global in the 1st quarter worth about $203,000. Finally, Sei Investments Co. boosted its holdings in shares of Zeta Global by 51.7% in the 1st quarter. Sei Investments Co. now owns 553,693 shares of the company’s stock worth $8,815,000 after purchasing an additional 188,699 shares in the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Price Performance

Shares of Zeta Global stock opened at $26.60 on Monday. The business has a 50 day moving average of $21.35 and a 200 day moving average of $18.87. Zeta Global Holdings Corp. has a 52 week low of $14.36 and a 52 week high of $28.50. The company has a market cap of $6.63 billion, a PE ratio of -1,329.95, a P/E/G ratio of 3.81 and a beta of 1.39. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21.

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

Insider Buying and Selling at Zeta Global

In other news, Director Jeanine Silberblatt sold 7,500 shares of Zeta Global stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $19.89, for a total transaction of $149,175.00. Following the sale, the director owned 50,350 shares of the company’s stock, valued at approximately $1,001,461.50. The trade was a 12.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 10.74% of the company’s stock.

Key Stories Impacting Zeta Global

Here are the key news stories impacting Zeta Global this week:

Analysts Set New Price Targets

A number of brokerages recently weighed in on ZETA. Royal Bank Of Canada raised their price objective on Zeta Global from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday. William Blair set a $29.00 target price on Zeta Global in a research note on Thursday. B. Riley Financial reiterated a “buy” rating and set a $32.00 price target (up from $30.00) on shares of Zeta Global in a research report on Wednesday. Bank of America lifted their price target on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, KeyCorp boosted their price objective on shares of Zeta Global from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Zeta Global presently has an average rating of “Moderate Buy” and a consensus target price of $29.62.

Check Out Our Latest Research Report on ZETA

Zeta Global Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding ZETA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zeta Global Holdings Corp. (NYSE:ZETAFree Report).

Institutional Ownership by Quarter for Zeta Global (NYSE:ZETA)

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