Generali Investments Management Co LLC Sells 93,675 Shares of Zeta Global Holdings Corp. $ZETA

Generali Investments Management Co LLC reduced its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 61.9% during the second quarter, HoldingsChannel.com reports. The fund owned 57,684 shares of the company’s stock after selling 93,675 shares during the quarter. Generali Investments Management Co LLC’s holdings in Zeta Global were worth $1,135,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. increased its position in shares of Zeta Global by 34.2% during the 1st quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company’s stock valued at $62,000 after purchasing an additional 1,168 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Zeta Global by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,371 shares of the company’s stock valued at $1,442,000 after buying an additional 4,631 shares during the period. Caxton Associates LLP bought a new position in Zeta Global during the first quarter valued at about $205,000. Woodline Partners LP purchased a new stake in Zeta Global during the first quarter worth about $222,000. Finally, Strs Ohio purchased a new stake in Zeta Global during the first quarter worth about $117,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Insider Activity

In related news, Director Jeanine Silberblatt sold 7,500 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the sale, the director directly owned 50,350 shares in the company, valued at approximately $1,001,461.50. The trade was a 12.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 10.74% of the company’s stock.

Zeta Global Stock Performance

NYSE ZETA opened at $27.53 on Tuesday. The firm has a market cap of $6.86 billion, a P/E ratio of -1,376.50, a price-to-earnings-growth ratio of 3.81 and a beta of 1.39. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $21.39 and its 200-day moving average is $18.92. Zeta Global Holdings Corp. has a 12-month low of $14.36 and a 12-month high of $28.50.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZETA. B. Riley Financial reaffirmed a “buy” rating and issued a $32.00 price objective (up from $30.00) on shares of Zeta Global in a research report on Wednesday, August 5th. DA Davidson increased their target price on shares of Zeta Global from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. William Blair set a $29.00 price target on shares of Zeta Global in a research note on Thursday. KeyCorp lifted their price target on shares of Zeta Global from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, Bank of America upped their price objective on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Ten analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.62.

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.