Zeta Global Holdings Corp. (NYSE:ZETA) Shares Sold by Tower Bridge Advisors

Tower Bridge Advisors lessened its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 22.2% in the 3rd quarter, Holdings Channel reports. 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 filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Wolff Wiese Magana LLC acquired a new position in Zeta Global during the third quarter valued at approximately $26,000. Farther Finance Advisors LLC lifted its position in shares of Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after purchasing an additional 1,360 shares in the last quarter. Covestor Ltd lifted its position in shares of Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after purchasing an additional 1,451 shares in the last quarter. Quest Partners LLC lifted its position in shares of Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after purchasing an additional 2,183 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Zeta Global by 1,682.3% during the third quarter. CWM LLC now owns 5,240 shares of the company’s stock worth $156,000 after purchasing an additional 4,946 shares in the last quarter. Institutional investors and hedge funds own 75.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ZETA. Needham & Company LLC boosted their target price on shares of Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. DA Davidson lifted their price target on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. KeyCorp lowered shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday. B. Riley boosted their target price on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Barclays boosted their target price on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Zeta Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.08.

Zeta Global Trading Up 1.2 %

NYSE ZETA opened at $17.58 on Monday. The stock’s 50-day moving average price is $28.57 and its two-hundred day moving average price is $22.62. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. Zeta Global Holdings Corp. has a 1 year low of $7.65 and a 1 year high of $38.20.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). The company had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. Zeta Global’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.27) EPS. As a group, equities research analysts expect 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.