Moody National Bank Trust Division Raises Stock Position in Zeta Global Holdings Corp. $ZETA

Moody National Bank Trust Division lifted its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 55.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 196,636 shares of the company’s stock after buying an additional 70,206 shares during the period. Moody National Bank Trust Division’s holdings in Zeta Global were worth $6,208,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Integrated Wealth Concepts LLC raised its holdings in Zeta Global by 4.3% during the second quarter. Integrated Wealth Concepts LLC now owns 11,262 shares of the company’s stock worth $222,000 after acquiring an additional 469 shares in the last quarter. Versant Capital Management Inc grew its stake in Zeta Global by 54.9% in the third quarter. Versant Capital Management Inc now owns 1,340 shares of the company’s stock valued at $42,000 after purchasing an additional 475 shares in the last quarter. Essential Partners LLC grew its stake in Zeta Global by 30.9% in the first quarter. Essential Partners LLC now owns 2,670 shares of the company’s stock valued at $43,000 after purchasing an additional 630 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Zeta Global by 2.3% during the 4th quarter. Hsbc Holdings PLC now owns 34,938 shares of the company’s stock worth $724,000 after purchasing an additional 793 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its position in shares of Zeta Global by 66.7% during the 1st quarter. Cornerstone Planning Group LLC now owns 2,167 shares of the company’s stock worth $34,000 after purchasing an additional 867 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. B. Riley Financial reissued a “buy” rating and issued a $32.00 price objective (up from $30.00) on shares of Zeta Global in a report on Wednesday, August 5th. William Blair set a $29.00 target price on shares of Zeta Global in a report on Thursday, August 6th. Royal Bank Of Canada upped their price target on shares of Zeta Global from $31.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday. Citigroup increased their price target on shares of Zeta Global from $26.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Finally, Freedom Capital lowered shares of Zeta Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.08.

Zeta Global Stock Performance

ZETA stock traded up $0.06 during trading hours on Tuesday, hitting $32.94. 6,733,845 shares of the stock were exchanged, compared to its average volume of 8,504,597. 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 firm has a market capitalization of $8.27 billion, a P/E ratio of -1,647.05, a P/E/G ratio of 4.60 and a beta of 1.39. The company has a 50-day simple moving average of $28.92 and a two-hundred day simple moving average of $22.39. Zeta Global Holdings Corp. has a 12 month low of $14.36 and a 12 month high of $34.80.

Zeta Global (NYSE:ZETA) last announced its earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. The business had revenue of $442.77 million during the quarter, compared to the consensus estimate of $420.61 million. During the same period in the previous year, the firm posted ($0.10) EPS. The company’s revenue was up 43.6% compared to the same quarter last year. On average, analysts forecast that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

Zeta Global Company Profile

Zeta Global is a technology company that provides data-driven marketing and customer-experience solutions to brands and agencies. Its platform helps organizations acquire, grow and retain customers by combining consumer data, artificial intelligence and marketing automation across digital channels.

The company’s offerings include the Zeta Marketing Platform, which supports audience discovery, campaign planning, activation, personalization and measurement. Zeta also provides data-management and analytics capabilities through its proprietary data assets, helping marketers develop customer insights and deliver coordinated campaigns across channels such as email, online advertising, connected television and other digital media.

Founded in 2007, Zeta Global serves enterprise marketers and agencies, primarily in the United States and other markets where digital advertising and customer-engagement services are in demand.