Moody National Bank Trust Division acquired a new position in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA – Get Rating) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 87,600 shares of the company’s stock, valued at approximately $396,000.
Other hedge funds also recently added to or reduced their stakes in the company. Citigroup Inc. acquired a new stake in Zeta Global during the 1st quarter worth approximately $27,000. GSA Capital Partners LLP acquired a new stake in shares of Zeta Global in the 1st quarter valued at approximately $169,000. Jane Street Group LLC acquired a new stake in shares of Zeta Global in the 1st quarter valued at approximately $201,000. Engineers Gate Manager LP acquired a new stake in shares of Zeta Global in the 1st quarter valued at approximately $213,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Zeta Global in the 4th quarter valued at approximately $177,000. 29.02% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Zeta Global news, Director Robert H. Niehaus sold 200,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $7.03, for a total transaction of $1,406,000.00. Following the completion of the transaction, the director now owns 16,946,891 shares of the company’s stock, valued at $119,136,643.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 202,486 shares of company stock valued at $1,419,184. Corporate insiders own 46.61% of the company’s stock.
Zeta Global Stock Performance
Zeta Global (NASDAQ:ZETA – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.46) by ($0.16). The firm had revenue of $137.30 million during the quarter, compared to analysts’ expectations of $129.71 million. Zeta Global had a negative net margin of 56.14% and a negative return on equity of 319.87%. Sell-side analysts expect that Zeta Global Holdings Corp. will post -1.82 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Credit Suisse Group reduced their price target on Zeta Global from $12.00 to $9.50 and set a “neutral” rating for the company in a report on Thursday, August 4th. Morgan Stanley raised their price target on Zeta Global from $6.50 to $7.00 and gave the company an “equal weight” rating in a report on Thursday, August 4th. Finally, Oppenheimer reduced their price target on Zeta Global from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, June 3rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Zeta Global has an average rating of “Moderate Buy” and a consensus price target of $11.70.
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. Its 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.
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