Qsemble Capital Management LP Acquires New Shares in Zeta Global Holdings Corp. (NYSE:ZETA)

Qsemble Capital Management LP bought a new position in Zeta Global Holdings Corp. (NYSE:ZETA) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 58,718 shares of the company’s stock, valued at approximately $1,752,000.

Several other large investors have also recently bought and sold shares of ZETA. D. E. Shaw & Co. Inc. grew its stake in shares of Zeta Global by 1,444.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after purchasing an additional 1,728,005 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Zeta Global during the 2nd quarter worth about $28,698,000. Renaissance Technologies LLC grew its position in shares of Zeta Global by 85.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after buying an additional 929,800 shares during the last quarter. Millennium Management LLC increased its stake in shares of Zeta Global by 358.3% in the second quarter. Millennium Management LLC now owns 1,189,295 shares of the company’s stock valued at $20,991,000 after buying an additional 929,792 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of Zeta Global during the second quarter worth about $9,783,000. 75.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ZETA has been the topic of several analyst reports. Needham & Company LLC upped their target price on Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Royal Bank of Canada upped their price objective on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Oppenheimer lifted their target price on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Truist Financial reaffirmed a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Finally, Bank of America lifted their price objective on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Three investment 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. According to data from MarketBeat, Zeta Global currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

Insiders Place Their Bets

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

Zeta Global Stock Performance

Shares of NYSE ZETA opened at $21.27 on Tuesday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average is $28.00 and its 200 day moving average is $22.93. Zeta Global Holdings Corp. has a 1 year low of $7.65 and a 1 year high of $38.20.

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). The company had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. Zeta Global’s revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.27) earnings per share. On average, analysts anticipate that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Zeta Global Company 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.