Zeta Global Holdings Corp. $ZETA Stock Sold by MMA Asset Management LLC

MMA Asset Management LLC decreased its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 50.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,867 shares of the company’s stock after selling 25,868 shares during the period. MMA Asset Management LLC’s holdings in Zeta Global were worth $817,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ZETA. Financial Management Professionals Inc. boosted its holdings in shares of Zeta Global by 45.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,025 shares of the company’s stock worth $32,000 after purchasing an additional 318 shares in the last quarter. Signaturefd LLC increased its position in shares of Zeta Global by 121.6% during the 3rd quarter. Signaturefd LLC now owns 1,148 shares of the company’s stock valued at $36,000 after purchasing an additional 630 shares during the last quarter. GK Wealth Management LLC bought a new position in shares of Zeta Global during the 3rd quarter valued at about $37,000. Versant Capital Management Inc raised its holdings in shares of Zeta Global by 54.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,340 shares of the company’s stock valued at $42,000 after buying an additional 475 shares in the last quarter. Finally, Polaris Financial Partners purchased a new position in shares of Zeta Global during the 3rd quarter valued at about $56,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Stock Down 7.1%

ZETA opened at $29.52 on Friday. The company has a market cap of $7.41 billion, a P/E ratio of -1,476.10, a P/E/G ratio of 4.48 and a beta of 1.25. The business’s 50-day moving average price is $31.67 and its 200-day moving average price is $22.72. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.21. Zeta Global Holdings Corp. has a 12 month low of $14.36 and a 12 month high of $35.75.

Zeta Global (NYSE:ZETA) last issued its earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $442.77 million for the quarter, compared to analysts’ expectations of $420.61 million. During the same quarter in the prior year, the company earned ($0.10) earnings per share. The company’s revenue was up 43.6% compared to the same quarter last year. On average, equities analysts expect that Zeta Global Holdings Corp. will post 0.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ZETA shares. DA Davidson boosted their target price on Zeta Global from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. KeyCorp increased their price target on shares of Zeta Global from $27.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, October 9th. Needham & Company LLC lifted their price target on shares of Zeta Global from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. New Street Research set a $38.00 price objective on shares of Zeta Global in a report on Friday, October 9th. Finally, Freedom Capital lowered shares of Zeta Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Zeta Global currently has a consensus rating of “Moderate Buy” and an average price target of $37.06.

Zeta Global Profile

Zeta Global Holdings Corp. is a technology company that provides data-driven marketing and customer experience solutions. Its platform combines consumer data, analytics, artificial intelligence and marketing automation to help brands acquire, engage and retain customers across digital and traditional channels.

The company’s offerings include the Zeta Marketing Platform, a technology suite designed to support audience identification, customer segmentation, campaign planning, personalization and measurement.