Zeta Global Holdings Corp. (NYSE:ZETA) Shares Purchased by Hodges Capital Management Inc.

Hodges Capital Management Inc. boosted its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 163.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 433,473 shares of the company’s stock after acquiring an additional 268,710 shares during the quarter. Hodges Capital Management Inc.’s holdings in Zeta Global were worth $7,798,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZETA. Wolff Wiese Magana LLC acquired a new position in shares of Zeta Global in the 3rd quarter valued at $26,000. Farther Finance Advisors LLC grew its position in Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after purchasing an additional 1,360 shares during the last quarter. Covestor Ltd raised its stake in Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after acquiring an additional 1,451 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after acquiring an additional 1,136 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in shares of Zeta Global in the 4th quarter valued at approximately $66,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Insider Activity

In other Zeta Global news, CEO David Steinberg purchased 53,676 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $19.24 per share, with a total value of $1,032,726.24. Following the purchase, the chief executive officer now owns 65,310 shares in the company, valued at approximately $1,256,564.40. This represents a 461.37 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Christopher E. Greiner acquired 7,975 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $18.80 per share, with a total value of $149,930.00. Following the purchase, the chief financial officer now owns 2,330,010 shares in the company, valued at approximately $43,804,188. The trade was a 0.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 129,901 shares of company stock worth $2,471,244 over the last three months. 25.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ZETA. Truist Financial reaffirmed a “buy” rating and set a $42.00 price target (up from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Canaccord Genuity Group lifted their target price on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley reduced their price objective on shares of Zeta Global from $26.00 to $23.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group began coverage on Zeta Global in a research report on Wednesday, December 11th. They set a “neutral” rating and a $30.00 target price on the stock. Finally, Oppenheimer lifted their price target on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Zeta Global Price Performance

NYSE:ZETA opened at $18.38 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The firm has a 50-day moving average price of $19.79 and a two-hundred day moving average price of $23.90. Zeta Global Holdings Corp. has a twelve month low of $9.35 and a twelve month high of $38.20.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The business had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period last year, the business earned ($0.27) earnings per share. Analysts expect that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Zeta Global Profile

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.