Tower Bridge Advisors Sells 4,000 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Tower Bridge Advisors trimmed its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 22.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,000 shares of the company’s stock after selling 4,000 shares during the period. Tower Bridge Advisors’ holdings in Zeta Global were worth $418,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Zeta Global by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after acquiring an additional 431,077 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Zeta Global by 2.6% in the 1st quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock worth $33,125,000 after purchasing an additional 77,962 shares during the period. Renaissance Technologies LLC lifted its position in Zeta Global by 85.4% during the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after acquiring an additional 929,800 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in Zeta Global by 1,444.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock valued at $32,610,000 after acquiring an additional 1,728,005 shares during the last quarter. Finally, Bwcp LP lifted its position in Zeta Global by 6.2% during the second quarter. Bwcp LP now owns 1,805,867 shares of the company’s stock valued at $31,874,000 after acquiring an additional 106,034 shares during the last quarter. 75.82% of the stock is currently owned by institutional investors.

Zeta Global Stock Up 1.2 %

Shares of ZETA opened at $17.58 on Monday. Zeta Global Holdings Corp. has a fifty-two week low of $7.65 and a fifty-two week high of $38.20. The firm’s 50 day moving average price is $28.57 and its 200 day moving average price is $22.62. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The firm had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.27) earnings per share. As a group, analysts predict that Zeta Global Holdings Corp. will post -0.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ZETA shares. Royal Bank of Canada increased their target price on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Bank of America raised their price target on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Morgan Stanley decreased their price target on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday. B. Riley increased their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Barclays increased their price objective on shares of Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Zeta Global currently has an average rating of “Moderate Buy” and a consensus target price of $39.08.

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.