OneAscent Financial Services LLC Buys New Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

OneAscent Financial Services LLC purchased a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,895 shares of the company’s stock, valued at approximately $265,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Empowered Funds LLC bought a new stake in shares of Zeta Global in the 3rd quarter valued at approximately $5,644,000. Harbour Capital Advisors LLC bought a new stake in Zeta Global in the third quarter valued at $769,000. Riggs Asset Managment Co. Inc. raised its stake in Zeta Global by 142.0% during the third quarter. Riggs Asset Managment Co. Inc. now owns 75,999 shares of the company’s stock worth $2,267,000 after acquiring an additional 44,596 shares in the last quarter. Stephens Inc. AR acquired a new position in Zeta Global during the third quarter worth $1,634,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Zeta Global during the third quarter valued at $1,128,000. Institutional investors own 75.82% of the company’s stock.

Insider Buying and Selling at Zeta Global

In related news, Director Imran Khan bought 55,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the transaction, the director now owns 55,000 shares of the company’s stock, valued at $1,042,800. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christopher E. Greiner purchased 7,975 shares of the stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $18.80 per share, with a total value of $149,930.00. Following the completion of the purchase, the chief financial officer now owns 2,330,010 shares in the company, valued at $43,804,188. The trade was a 0.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 129,901 shares of company stock worth $2,471,244. Insiders own 25.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ZETA. Barclays increased their target price on shares of Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Canaccord Genuity Group upped their price objective on shares of Zeta Global from $35.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. DA Davidson lifted their target price on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. KeyCorp lowered Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada raised their price target on Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.08.

Zeta Global Price Performance

Shares of ZETA stock opened at $22.04 on Wednesday. Zeta Global Holdings Corp. has a 12 month low of $7.65 and a 12 month high of $38.20. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $28.38 and a 200 day moving average price of $22.73.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) 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 business had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. During the same quarter in the prior year, the firm earned ($0.27) EPS. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. As a group, analysts predict that Zeta Global Holdings Corp. will post -0.45 EPS for the current year.

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.