Heck Capital Advisors LLC Makes New Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

Heck Capital Advisors LLC bought a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,671 shares of the company’s stock, valued at approximately $66,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZETA. Wolff Wiese Magana LLC purchased a new position in shares of Zeta Global in the 3rd quarter valued at approximately $26,000. Farther Finance Advisors LLC lifted its position in Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after buying an additional 1,360 shares during the period. Covestor Ltd boosted its holdings in shares of Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after buying an additional 1,451 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Zeta Global by 104.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after buying an additional 1,136 shares during the period. Finally, CWM LLC increased its stake in shares of Zeta Global by 1,682.3% in the 3rd quarter. CWM LLC now owns 5,240 shares of the company’s stock worth $156,000 after acquiring an additional 4,946 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.

Zeta Global Stock Performance

ZETA stock opened at $18.38 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global Holdings Corp. has a 1 year low of $9.35 and a 1 year high of $38.20. The company has a market cap of $4.36 billion, a P/E ratio of -26.25, a price-to-earnings-growth ratio of 1.33 and a beta of 1.17. The stock’s fifty day moving average price is $19.79 and its 200-day moving average price is $23.90.

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

Insiders Place Their Bets

In related news, CFO Christopher E. Greiner acquired 7,975 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $18.80 per share, with a total value of $149,930.00. Following the completion of the purchase, the chief financial officer now directly owns 2,330,010 shares of the company’s stock, valued at $43,804,188. This represents a 0.34 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Steinberg acquired 53,676 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the completion of the purchase, the chief executive officer now owns 65,310 shares in the company, valued at $1,256,564.40. This trade represents a 461.37 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 129,901 shares of company stock worth $2,471,244. Company insiders own 25.54% of the company’s stock.

Analyst Upgrades and Downgrades

ZETA has been the topic of a number of recent research reports. Oppenheimer upped their price objective on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Canaccord Genuity Group raised their price objective on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Needham & Company LLC reissued a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a report on Thursday, January 16th. Barclays raised their price target on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, KeyCorp downgraded shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Four equities research 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 stock. According to data from MarketBeat.com, Zeta Global presently has an average rating of “Moderate Buy” and an average target price of $37.43.

Zeta Global Company Profile

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.