Redwood Wealth Management Group LLC Acquires Shares of 35,563 Zeta Global Holdings Corp. (NYSE:ZETA)

Redwood Wealth Management Group LLC acquired a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 35,563 shares of the company’s stock, valued at approximately $638,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ZETA. Wolff Wiese Magana LLC bought a new stake in shares of Zeta Global in the third quarter worth approximately $26,000. Farther Finance Advisors LLC grew its stake in shares of Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after acquiring an additional 1,360 shares during the period. Covestor Ltd grew its stake in shares of Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after acquiring an additional 1,451 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Zeta Global by 104.1% in the third 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 bought a new stake in shares of Zeta Global in the fourth quarter worth approximately $66,000. 87.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Zeta Global

In related news, CEO David Steinberg bought 53,676 shares of the stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the completion of the acquisition, the chief executive officer now owns 65,310 shares of the company’s stock, valued at $1,256,564.40. This represents a 461.37 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Christopher E. Greiner purchased 7,975 shares of Zeta Global stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $18.80 per share, for a total transaction of $149,930.00. Following the transaction, the chief financial officer now directly owns 2,330,010 shares of the company’s stock, valued at $43,804,188. The trade was a 0.34 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 129,901 shares of company stock valued at $2,471,244 over the last 90 days. 25.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ZETA has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price target on shares of Zeta Global in a research note on Thursday, January 16th. Craig Hallum lifted their price target on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Canaccord Genuity Group raised their price objective on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. The Goldman Sachs Group assumed coverage on shares of Zeta Global in a report on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 price objective on the stock. Finally, Morgan Stanley dropped their price objective on shares of Zeta Global from $26.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.43.

Zeta Global Stock Performance

Shares of NYSE:ZETA opened at $18.44 on Wednesday. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a 1-year low of $9.35 and a 1-year high of $38.20. The firm’s 50 day simple moving average is $19.69 and its two-hundred day simple moving average is $23.87.

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

About Zeta Global

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.