Skylands Capital LLC Sells 44,675 Shares of Zeta Global Holdings Corp. $ZETA

Skylands Capital LLC trimmed its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 62.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,525 shares of the company’s stock after selling 44,675 shares during the quarter. Skylands Capital LLC’s holdings in Zeta Global were worth $837,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in Zeta Global by 69.8% during the first quarter. Royal Bank of Canada now owns 558,179 shares of the company’s stock valued at $8,887,000 after buying an additional 229,533 shares during the last quarter. California State Teachers Retirement System grew its holdings in Zeta Global by 31.7% during the 1st quarter. California State Teachers Retirement System now owns 227,521 shares of the company’s stock valued at $3,622,000 after buying an additional 54,703 shares in the last quarter. Cetera Investment Advisers grew its holdings in Zeta Global by 133.5% during the 1st quarter. Cetera Investment Advisers now owns 79,181 shares of the company’s stock valued at $1,261,000 after buying an additional 45,264 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Zeta Global during the 2nd quarter valued at approximately $2,148,000. Finally, WINTON GROUP Ltd bought a new stake in Zeta Global in the 2nd quarter worth approximately $3,480,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on ZETA shares. Royal Bank Of Canada upped their price objective on Zeta Global from $31.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, October 5th. William Blair set a $29.00 target price on Zeta Global in a research report on Thursday, August 6th. Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Needham & Company LLC raised their target price on shares of Zeta Global from $30.00 to $40.00 and gave the company a “buy” rating in a report on Friday, October 9th. Finally, Truist Financial boosted their price target on shares of Zeta Global from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, October 9th. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.06.

Zeta Global Stock Up 1.8%

Shares of NYSE:ZETA opened at $34.14 on Thursday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.21. Zeta Global Holdings Corp. has a 12 month low of $14.36 and a 12 month high of $35.75. The company has a 50-day moving average price of $30.92 and a 200 day moving average price of $23.82. The company has a market cap of $8.57 billion, a price-to-earnings ratio of -1,706.95, a PEG ratio of 4.73 and a beta of 1.39.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.17). Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%. The company had revenue of $442.77 million during the quarter, compared to analysts’ expectations of $420.61 million. During the same quarter in the prior year, the business posted ($0.10) EPS. The company’s revenue was up 43.6% on a year-over-year basis. As a group, equities research analysts predict that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current year.

Zeta Global Profile

Zeta Global Holdings Corp. is a technology company that provides data-driven marketing and customer experience solutions. Its platform combines consumer data, analytics, artificial intelligence and marketing automation to help brands acquire, engage and retain customers across digital and traditional channels.

The company’s offerings include the Zeta Marketing Platform, a technology suite designed to support audience identification, customer segmentation, campaign planning, personalization and measurement.