SG Americas Securities LLC Has $1.85 Million Holdings in Zeta Global Holdings Corp. $ZETA

SG Americas Securities LLC lifted its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 536.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,216 shares of the company’s stock after buying an additional 78,575 shares during the quarter. SG Americas Securities LLC’s holdings in Zeta Global were worth $1,852,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZETA. Greenvale Capital LLP lifted its stake in Zeta Global by 178.0% in the second quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company’s stock valued at $107,674,000 after acquiring an additional 4,451,181 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Zeta Global by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,835,620 shares of the company’s stock valued at $74,913,000 after purchasing an additional 174,972 shares during the period. State Street Corp lifted its stake in Zeta Global by 4.8% in the 2nd quarter. State Street Corp now owns 4,671,750 shares of the company’s stock valued at $72,365,000 after purchasing an additional 215,932 shares during the last quarter. Bwcp LP grew its holdings in Zeta Global by 4.8% during the second quarter. Bwcp LP now owns 2,740,611 shares of the company’s stock worth $42,452,000 after purchasing an additional 125,815 shares during the period. Finally, Marshall Wace LLP increased its position in Zeta Global by 857.2% during the second quarter. Marshall Wace LLP now owns 2,679,321 shares of the company’s stock worth $41,503,000 after buying an additional 2,399,408 shares during the last quarter. 87.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Bank of America raised their price objective on Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Canaccord Genuity Group raised their price target on Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Citigroup began coverage on shares of Zeta Global in a research report on Friday, November 21st. They set a “buy” rating and a $26.00 price objective for the company. B. Riley increased their price objective on shares of Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Finally, William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a report on Monday, November 24th. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $27.42.

Insider Activity

In other news, Director Jeanine Silberblatt sold 12,990 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $19.34, for a total transaction of $251,226.60. Following the transaction, the director directly owned 57,850 shares of the company’s stock, valued at approximately $1,118,819. This trade represents a 18.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.02% of the stock is currently owned by insiders.

Zeta Global Stock Down 5.5%

ZETA stock opened at $22.22 on Thursday. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week high of $26.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.01 and a quick ratio of 3.01. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of -185.15, a PEG ratio of 2.49 and a beta of 1.26. The business’s fifty day moving average price is $19.44 and its two-hundred day moving average price is $18.60.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). Zeta Global had a negative net margin of 1.87% and a negative return on equity of 1.22%. The business had revenue of $337.17 million during the quarter, compared to analyst estimates of $327.70 million. During the same quarter last year, the company posted ($0.09) earnings per share. The company’s revenue was up 25.6% on a year-over-year basis. On average, equities analysts anticipate that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

About Zeta Global

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.