Nuveen Asset Management LLC Acquires 2,052,685 Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA)

Nuveen Asset Management LLC grew its position in shares of Zeta Global Holdings Corp. (NASDAQ:ZETAGet Rating) by 4,656.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,096,771 shares of the company’s stock after buying an additional 2,052,685 shares during the quarter. Nuveen Asset Management LLC’s holdings in Zeta Global were worth $13,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Citigroup Inc. bought a new position in shares of Zeta Global during the 1st quarter valued at $27,000. Legal & General Group Plc bought a new position in shares of Zeta Global during the 2nd quarter valued at $39,000. Metropolitan Life Insurance Co NY bought a new position in shares of Zeta Global during the 3rd quarter valued at $46,000. White Pine Capital LLC bought a new position in shares of Zeta Global during the 2nd quarter valued at $59,000. Finally, American International Group Inc. bought a new position in shares of Zeta Global during the 2nd quarter valued at $66,000. 35.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on ZETA. Morgan Stanley increased their price target on Zeta Global from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, December 19th. Oppenheimer upped their price objective on Zeta Global from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. Needham & Company LLC restated a “buy” rating and issued a $13.00 price objective on shares of Zeta Global in a research note on Friday, February 24th. B. Riley began coverage on Zeta Global in a research note on Friday, December 9th. They issued a “buy” rating and a $13.00 price objective for the company. Finally, Barclays upped their price objective on Zeta Global from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, February 24th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.83.

Zeta Global Trading Down 1.6 %

Shares of ZETA stock opened at $10.84 on Tuesday. Zeta Global Holdings Corp. has a 52-week low of $4.09 and a 52-week high of $13.46. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $2.25 billion, a PE ratio of -5.37 and a beta of 1.49. The stock has a fifty day simple moving average of $9.19 and a two-hundred day simple moving average of $8.20.

Zeta Global (NASDAQ:ZETAGet Rating) last issued its quarterly earnings results on Thursday, February 23rd. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.45). Zeta Global had a negative return on equity of 248.74% and a negative net margin of 47.25%. The business had revenue of $175.14 million during the quarter, compared to analysts’ expectations of $160.60 million. During the same quarter in the previous year, the company posted ($0.35) EPS. The company’s quarterly revenue was up 29.9% on a year-over-year basis. On average, analysts predict that Zeta Global Holdings Corp. will post -1.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zeta Global news, Director Robert H. Niehaus sold 129,843 shares of the stock in a transaction on Monday, December 12th. The stock was sold at an average price of $9.22, for a total value of $1,197,152.46. Following the completion of the sale, the director now owns 16,436,673 shares in the company, valued at approximately $151,546,125.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Robert H. Niehaus sold 129,905 shares of the firm’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $10.23, for a total transaction of $1,328,928.15. Following the completion of the transaction, the director now owns 15,928,076 shares in the company, valued at $162,944,217.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert H. Niehaus sold 129,843 shares of the firm’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $9.22, for a total value of $1,197,152.46. Following the transaction, the director now owns 16,436,673 shares of the company’s stock, valued at approximately $151,546,125.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 463,601 shares of company stock worth $4,488,876. Corporate insiders own 46.61% of the company’s stock.

About Zeta Global

(Get Rating)

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.

Read More

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. (NASDAQ:ZETAGet Rating).

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

Receive News & Ratings for Zeta Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zeta Global and related companies with MarketBeat.com's FREE daily email newsletter.