Zeta Global Holdings Corp. (NYSE:ZETA) Holdings Lessened by Praesidium Investment Management Company LLC

Praesidium Investment Management Company LLC trimmed its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 38.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,638,585 shares of the company’s stock after selling 1,037,760 shares during the period. Zeta Global comprises 8.2% of Praesidium Investment Management Company LLC’s investment portfolio, making the stock its 6th biggest holding. Praesidium Investment Management Company LLC owned approximately 0.74% of Zeta Global worth $48,879,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC acquired a new position in Zeta Global during the 3rd quarter worth approximately $26,000. Quest Partners LLC grew its holdings in Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after acquiring an additional 2,183 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after acquiring an additional 1,360 shares in the last quarter. Covestor Ltd grew its holdings in Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after acquiring an additional 1,451 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after acquiring an additional 1,136 shares in the last quarter. 75.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZETA has been the subject of several analyst reports. Truist Financial reiterated a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. KeyCorp cut shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Bank of America upped their target price on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Royal Bank of Canada upped their target price on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Needham & Company LLC upped their target price on shares of Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Insider Activity

In other Zeta Global news, CFO Christopher E. Greiner acquired 7,975 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $18.80 per share, with a total value of $149,930.00. Following the purchase, the chief financial officer now owns 2,330,010 shares in the company, valued at approximately $43,804,188. The trade was a 0.34 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Steven H. Gerber acquired 13,250 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $18.55 per share, for a total transaction of $245,787.50. Following the completion of the purchase, the chief operating officer now owns 2,940,811 shares in the company, valued at $54,552,044.05. The trade was a 0.45 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 129,901 shares of company stock worth $2,471,244 in the last 90 days. 25.54% of the stock is currently owned by corporate insiders.

Zeta Global Trading Down 0.3 %

Shares of Zeta Global stock opened at $23.93 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. Zeta Global Holdings Corp. has a one year low of $7.65 and a one year high of $38.20. The firm has a fifty day moving average of $27.28 and a two-hundred day moving average of $23.10.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The firm had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.27) EPS. As a group, equities research analysts forecast that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

About Zeta Global

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.