Udine Wealth Management Inc. Acquires Shares of 127,104 Zeta Global Holdings Corp. $ZETA

Udine Wealth Management Inc. bought a new position in Zeta Global Holdings Corp. (NYSE:ZETA) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 127,104 shares of the company’s stock, valued at approximately $2,587,000. Zeta Global makes up about 1.2% of Udine Wealth Management Inc.’s portfolio, making the stock its 24th largest holding. Udine Wealth Management Inc. owned 0.05% of Zeta Global at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ZETA. Allspring Global Investments Holdings LLC raised its position in Zeta Global by 52.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,610 shares of the company’s stock valued at $331,000 after purchasing an additional 5,741 shares in the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new position in Zeta Global during the 4th quarter valued at about $13,976,000. Moody National Bank Trust Division increased its position in Zeta Global by 129.6% during the 4th quarter. Moody National Bank Trust Division now owns 192,763 shares of the company’s stock valued at $3,923,000 after purchasing an additional 108,821 shares during the period. SG Americas Securities LLC raised its holdings in shares of Zeta Global by 151.1% in the 4th quarter. SG Americas Securities LLC now owns 234,077 shares of the company’s stock valued at $4,763,000 after purchasing an additional 140,861 shares in the last quarter. Finally, Diversified Trust Co. lifted its position in shares of Zeta Global by 4.7% in the 4th quarter. Diversified Trust Co. now owns 31,522 shares of the company’s stock worth $641,000 after purchasing an additional 1,406 shares during the period. Institutional investors own 87.75% of the company’s stock.

Zeta Global Price Performance

Shares of ZETA opened at $15.80 on Friday. The company has a 50 day moving average of $17.31 and a two-hundred day moving average of $18.75. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.24. Zeta Global Holdings Corp. has a twelve month low of $10.69 and a twelve month high of $24.90. The company has a market cap of $3.86 billion, a price-to-earnings ratio of -105.31, a price-to-earnings-growth ratio of 1.85 and a beta of 1.28.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $394.64 million for the quarter, compared to the consensus estimate of $378.09 million. Zeta Global had a positive return on equity of 1.35% and a negative net margin of 2.42%.The business’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 earnings per share. As a group, analysts predict that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Zeta Global from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Morgan Stanley increased their target price on Zeta Global from $23.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. DA Davidson boosted their price target on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. The Goldman Sachs Group upped their price objective on Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a research note on Wednesday, January 21st. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

Zeta Global Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.