Zeta Global Holdings Corp. (NYSE:ZETA) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lowered its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 79.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,222 shares of the company’s stock after selling 129,970 shares during the quarter. Calamos Advisors LLC’s holdings in Zeta Global were worth $616,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC grew its holdings in Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after purchasing an additional 3,557,119 shares during the period. Lord Abbett & CO. LLC grew its holdings in Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after purchasing an additional 2,623,980 shares during the period. Summit Partners Public Asset Management LLC increased its stake in Zeta Global by 210.4% during the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after acquiring an additional 1,703,679 shares during the last quarter. Geode Capital Management LLC increased its position in Zeta Global by 18.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after purchasing an additional 674,192 shares in the last quarter. Finally, State Street Corp increased its position in Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after purchasing an additional 455,944 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Insider Transactions at Zeta Global

In other Zeta Global news, 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 price of $18.55 per share, with a total value of $245,787.50. Following the transaction, the chief operating officer now directly owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This represents a 0.45 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Imran Khan acquired 55,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the purchase, the director now owns 55,000 shares in the company, valued at $1,042,800. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 129,901 shares of company stock worth $2,471,244. 25.54% of the stock is currently owned by corporate insiders.

Zeta Global Stock Up 1.6 %

ZETA stock opened at $18.72 on Thursday. The company has a market capitalization of $4.44 billion, a P/E ratio of -26.74, a PEG ratio of 1.35 and a beta of 1.17. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a twelve month low of $9.35 and a twelve month high of $38.20. The firm has a 50 day simple moving average of $19.66 and a 200-day simple moving average of $23.83.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Zeta Global from $26.00 to $23.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Oppenheimer increased their price target on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Craig Hallum increased their price target on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group initiated coverage on Zeta Global in a research note on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 target price for the company. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Zeta Global 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.