168,692 Shares in Zeta Global Holdings Corp. $ZETA Purchased by FirstWave Capital Management LLC

FirstWave Capital Management LLC purchased a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 168,692 shares of the company’s stock, valued at approximately $3,320,000. Zeta Global comprises about 1.5% of FirstWave Capital Management LLC’s investment portfolio, making the stock its 20th largest holding.

Other large investors have also modified their holdings of the company. Advisors Asset Management Inc. raised its holdings in shares of Zeta Global by 34.2% in the first quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company’s stock worth $62,000 after buying an additional 1,168 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Zeta Global by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,371 shares of the company’s stock worth $1,442,000 after purchasing an additional 4,631 shares during the last quarter. Caxton Associates LLP purchased a new position in Zeta Global in the 1st quarter worth about $205,000. Woodline Partners LP bought a new stake in Zeta Global during the 1st quarter valued at about $222,000. Finally, Strs Ohio purchased a new position in shares of Zeta Global during the first quarter worth approximately $117,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Analyst Ratings Changes

ZETA has been the subject of a number of research reports. Needham & Company LLC boosted their price target on Zeta Global from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. The Goldman Sachs Group set a $28.00 price objective on Zeta Global and gave the company a “neutral” rating in a report on Wednesday, June 24th. Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Royal Bank Of Canada upped their price target on shares of Zeta Global from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, B. Riley Financial restated a “buy” rating and set a $32.00 target price (up from $30.00) on shares of Zeta Global in a report on Wednesday, August 5th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.77.

Zeta Global Trading Down 4.2%

NYSE ZETA opened at $31.32 on Friday. Zeta Global Holdings Corp. has a 52 week low of $14.36 and a 52 week high of $32.81. The company has a 50 day moving average price of $24.89 and a 200 day moving average price of $20.40. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21. The firm has a market cap of $7.86 billion, a PE ratio of -1,566.00, a price-to-earnings-growth ratio of 4.61 and a beta of 1.43.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.17). Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.The firm had revenue of $442.77 million during the quarter, compared to analysts’ expectations of $420.61 million. During the same period in the prior year, the firm posted ($0.10) earnings per share. Zeta Global’s revenue for the quarter was up 43.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Zeta Global Holdings Corp. will post 0.21 EPS for the current fiscal year.

Insider Transactions at Zeta Global

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $19.89, for a total value of $149,175.00. Following the completion of the sale, the director directly owned 50,350 shares in the company, valued at approximately $1,001,461.50. This trade represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.74% of the stock is owned by corporate insiders.

About Zeta Global

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.