State Board of Administration of Florida Retirement System Makes New $110,000 Investment in Zeta Global Holdings Corp. (NASDAQ:ZETA)

State Board of Administration of Florida Retirement System bought a new position in Zeta Global Holdings Corp. (NASDAQ:ZETA – Get Rating) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 13,510 shares of the company’s stock, valued at approximately $110,000.

Several other hedge funds have also made changes to their positions in the company. Point72 Hong Kong Ltd boosted its position in Zeta Global by 626.8% during the third quarter. Point72 Hong Kong Ltd now owns 4,455 shares of the company’s stock valued at $29,000 after purchasing an additional 3,842 shares in the last quarter. Worth Venture Partners LLC bought a new stake in Zeta Global during the third quarter valued at about $99,000. ProShare Advisors LLC bought a new stake in Zeta Global during the third quarter valued at about $80,000. Amalgamated Bank boosted its position in Zeta Global by 259.3% during the third quarter. Amalgamated Bank now owns 17,680 shares of the company’s stock valued at $117,000 after purchasing an additional 12,760 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY bought a new stake in Zeta Global during the third quarter valued at about $46,000. 35.21% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Stock Up 2.6 %

Shares of ZETA opened at $8.84 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.41. Zeta Global Holdings Corp. has a 12 month low of $4.09 and a 12 month high of $11.28. The stock’s 50 day moving average is $9.64 and its two-hundred day moving average is $9.23. The firm has a market cap of $1.88 billion, a P/E ratio of -4.75 and a beta of 1.42.

Zeta Global (NASDAQ:ZETA – Get Rating) last issued its quarterly earnings data on Thursday, May 4th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.43). Zeta Global had a negative net margin of 42.45% and a negative return on equity of 222.58%. The business had revenue of $157.60 million during the quarter, compared to analyst estimates of $150.25 million. During the same period in the previous year, the business posted ($0.54) earnings per share. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. Analysts predict that Zeta Global Holdings Corp. will post -1.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ZETA shares. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price target on shares of Zeta Global in a research note on Friday, February 24th. Barclays increased their price target on Zeta Global from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, February 24th. Credit Suisse Group increased their price target on Zeta Global from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, February 24th. Finally, Oppenheimer increased their price target on Zeta Global from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $11.83.

Insider Buying and Selling at Zeta Global

In other news, Director Robert H. Niehaus sold 5,837 shares of Zeta Global stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $11.04, for a total value of $64,440.48. Following the sale, the director now directly owns 15,246,891 shares of the company’s stock, valued at $168,325,676.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Robert H. Niehaus sold 5,837 shares of Zeta Global stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $11.04, for a total transaction of $64,440.48. Following the transaction, the director now owns 15,246,891 shares in the company, valued at $168,325,676.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert H. Niehaus sold 76,087 shares of Zeta Global stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $11.01, for a total value of $837,717.87. Following the completion of the sale, the director now owns 15,289,922 shares in the company, valued at approximately $168,342,041.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 111,207 shares of company stock valued at $1,224,857. Company insiders own 46.61% of the company’s stock.

Zeta Global Profile

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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.