Udine Wealth Management Inc. Takes Position in Zeta Global Holdings Corp. $ZETA

Udine Wealth Management Inc. acquired a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) in the 4th quarter, Holdings Channel reports. The fund acquired 127,104 shares of the company’s stock, valued at approximately $2,587,000. Zeta Global accounts for about 1.2% of Udine Wealth Management Inc.’s portfolio, making the stock its 24th largest holding.

Other institutional investors also recently bought and sold shares of the company. Disciplined Growth Investors Inc. MN acquired a new position in Zeta Global during the 3rd quarter valued at approximately $121,502,000. Greenvale Capital LLP grew its holdings in shares of Zeta Global by 178.0% during the second quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company’s stock valued at $107,674,000 after buying an additional 4,451,181 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Zeta Global by 857.2% during the second quarter. Marshall Wace LLP now owns 2,679,321 shares of the company’s stock valued at $41,503,000 after buying an additional 2,399,408 shares during the last quarter. Norges Bank acquired a new position in shares of Zeta Global in the 2nd quarter valued at $33,474,000. Finally, Stephens Investment Management Group LLC raised its stake in Zeta Global by 92.8% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,802,642 shares of the company’s stock worth $35,818,000 after acquiring an additional 867,540 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ZETA. DA Davidson increased their price objective on Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, February 26th. The Goldman Sachs Group upped their target price on Zeta Global from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Morgan Stanley increased their price target on shares of Zeta Global from $23.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research report on Wednesday, January 21st. Finally, Wall Street Zen cut shares of Zeta Global from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Zeta Global Stock Up 0.4%

Shares of ZETA opened at $15.80 on Friday. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of -105.31, a PEG ratio of 1.85 and a beta of 1.28. Zeta Global Holdings Corp. has a 52 week low of $10.69 and a 52 week high of $24.90. The stock’s 50-day moving average price is $17.31 and its 200-day moving average price is $18.75. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.24.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05. Zeta Global had a positive return on equity of 1.35% and a negative net margin of 2.42%.The company had revenue of $394.64 million during the quarter, compared to analysts’ expectations of $378.09 million. During the same period last year, the business earned $0.06 earnings per share. Zeta Global’s quarterly revenue was up 25.4% on a year-over-year basis. On average, sell-side analysts predict that Zeta Global Holdings Corp. will post -0.16 EPS for the current year.

Zeta Global Profile

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.