Janney Capital Management LLC Buys New Shares in Zeta Global Holdings Corp. (NYSE:ZETA)

Janney Capital Management LLC purchased a new position in Zeta Global Holdings Corp. (NYSE:ZETA) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 19,715 shares of the company’s stock, valued at approximately $355,000.

Several other institutional investors also recently modified their holdings of ZETA. JPMorgan Chase & Co. boosted its holdings in shares of Zeta Global by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock worth $37,015,000 after buying an additional 293,583 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Zeta Global by 31.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock valued at $51,980,000 after acquiring an additional 413,577 shares in the last quarter. Empowered Funds LLC acquired a new position in Zeta Global in the 3rd quarter worth approximately $5,644,000. Qsemble Capital Management LP purchased a new position in Zeta Global during the 3rd quarter worth approximately $1,752,000. Finally, Victory Capital Management Inc. raised its stake in Zeta Global by 229.9% during the 3rd quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock valued at $2,048,000 after purchasing an additional 47,849 shares during the period. Institutional investors own 87.75% of the company’s stock.

Zeta Global Trading Down 0.7 %

Shares of NYSE:ZETA opened at $18.90 on Thursday. The business has a 50-day moving average of $20.09 and a two-hundred day moving average of $23.85. Zeta Global Holdings Corp. has a fifty-two week low of $9.35 and a fifty-two week high of $38.20. 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 (NYSE:ZETA) last announced its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The company had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. During the same period in the previous year, the company earned ($0.27) EPS. The firm’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.

Insider Activity at Zeta Global

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

Analyst Ratings Changes

Several brokerages have recently commented on ZETA. Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a research report on Thursday, January 16th. The Goldman Sachs Group initiated coverage on Zeta Global in a research report on Wednesday, December 11th. They set a “neutral” rating and a $30.00 price objective for the company. Morgan Stanley dropped their target price on Zeta Global from $26.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Roth Mkm raised their price target on shares of Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Finally, DA Davidson boosted their price objective on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.43.

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.