Zeta Global Holdings Corp. $ZETA Stock Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC cut its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 35.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 666,331 shares of the company’s stock after selling 366,931 shares during the quarter. Zeta Global makes up approximately 1.5% of Penn Capital Management Company LLC’s holdings, making the stock its 12th biggest holding. Penn Capital Management Company LLC’s holdings in Zeta Global were worth $21,076,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. raised its stake in Zeta Global by 45.0% during the third quarter. Financial Management Professionals Inc. now owns 1,025 shares of the company’s stock worth $32,000 after acquiring an additional 318 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Zeta Global by 204.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock worth $33,000 after acquiring an additional 1,406 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of Zeta Global by 66.7% in the first quarter. Cornerstone Planning Group LLC now owns 2,167 shares of the company’s stock worth $34,000 after acquiring an additional 867 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Zeta Global by 121.6% in the 3rd quarter. Signaturefd LLC now owns 1,148 shares of the company’s stock valued at $36,000 after purchasing an additional 630 shares in the last quarter. Finally, GK Wealth Management LLC acquired a new stake in shares of Zeta Global in the 3rd quarter valued at approximately $37,000. Institutional investors own 87.75% of the company’s stock.

Zeta Global Stock Performance

Shares of ZETA stock opened at $32.36 on Tuesday. The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of -1,617.80, a PEG ratio of 4.48 and a beta of 1.25. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average price is $31.72 and its 200-day moving average price is $22.83. Zeta Global Holdings Corp. has a 12 month low of $14.36 and a 12 month high of $35.75.

Zeta Global (NYSE:ZETA) last released its quarterly earnings data on Monday, November 9th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.10. Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%. The company had revenue of $492.66 million during the quarter, compared to the consensus estimate of $471.08 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The firm’s revenue was up 46.1% compared to the same quarter last year. Equities research analysts forecast that Zeta Global Holdings Corp. will post 0.21 EPS for the current year.

Wall Street Analyst Weigh In

ZETA has been the topic of several research reports. Craig Hallum set a $38.00 price target on shares of Zeta Global in a report on Monday, October 12th. KeyCorp increased their price objective on shares of Zeta Global from $27.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, October 9th. Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. New Street Research set a $38.00 target price on shares of Zeta Global in a research report on Friday, October 9th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Zeta Global in a research note on Friday, October 9th. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.06.

Key Headlines Impacting Zeta Global

Here are the key news stories impacting Zeta Global this week:

• Positive Sentiment: Third-quarter earnings were $0.38 per share, above the $0.28 consensus estimate and up from $0.22 a year earlier. Revenue of $492.66 million also topped expectations of $471.08 million. Zacks: Zeta Global Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management characterized this as the company’s 21st consecutive “beat and raise” quarter, reported positive GAAP net income for Q3 and year to date, and said its full-year outlook exceeded expectations. These results may reinforce confidence in Zeta’s growth and execution. Zeta Global earnings announcement
• Positive Sentiment: Zeta expects fourth-quarter revenue of $521 million to $525 million, indicating continued growth after its Q3 beat. Zeta Global Q4 revenue guidance

Zeta Global Company Profile

Zeta Global is a marketing technology company that helps businesses use consumer data and artificial intelligence to plan and deliver digital marketing. Its platform combines data, analytics and campaign tools to help organizations identify audiences and engage customers throughout the marketing lifecycle.

The company’s products support marketing activities such as customer acquisition, engagement and retention across channels including email, mobile, social media and the web. Zeta’s offerings include its Zeta Marketing Platform and the Zeta Data Cloud, which help clients manage audience insights and coordinate campaigns.

Founded in 2007 and headquartered in New York, Zeta Global serves businesses in multiple markets.