Zeta Global Holdings Corp. $ZETA Stock Sold by MMA Asset Management LLC

MMA Asset Management LLC decreased its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 50.0% during the third quarter, Holdings Channel.com reports. The fund owned 25,867 shares of the company’s stock after selling 25,868 shares during the quarter. MMA Asset Management LLC’s holdings in Zeta Global were worth $817,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kestra Private Wealth Services LLC bought a new stake in shares of Zeta Global in the third quarter worth about $212,000. Integrity Alliance LLC. purchased a new position in Zeta Global during the 3rd quarter valued at about $443,000. Vise Technologies Inc. increased its holdings in Zeta Global by 5.7% during the 3rd quarter. Vise Technologies Inc. now owns 31,340 shares of the company’s stock valued at $989,000 after purchasing an additional 1,691 shares during the period. MGO One Seven LLC raised its position in Zeta Global by 2.8% during the 3rd quarter. MGO One Seven LLC now owns 11,089 shares of the company’s stock valued at $350,000 after purchasing an additional 299 shares during the last quarter. Finally, Left Brain Wealth Management LLC bought a new position in Zeta Global during the 3rd quarter valued at approximately $316,000. 87.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on ZETA shares. Canaccord Genuity Group increased their price objective on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, October 9th. B. Riley Financial reissued a “buy” rating on shares of Zeta Global in a research note on Friday, October 9th. DA Davidson boosted their target price on Zeta Global from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Bank of America upped their target price on Zeta Global from $29.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Finally, KeyCorp raised their price target on Zeta Global from $27.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, October 9th. Twelve equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Zeta Global currently has an average rating of “Moderate Buy” and an average target price of $37.06.

Zeta Global Stock Down 7.1%

ZETA stock opened at $29.52 on Friday. Zeta Global Holdings Corp. has a fifty-two week low of $14.36 and a fifty-two week high of $35.75. The business’s 50 day moving average price is $31.67 and its two-hundred day moving average price is $22.72. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.38 and a current ratio of 2.38. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of -1,476.10, a price-to-earnings-growth ratio of 4.48 and a beta of 1.25.

Zeta Global (NYSE:ZETA) last announced its 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). The firm had revenue of $442.77 million during the quarter, compared to the consensus estimate of $420.61 million. Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%. The firm’s revenue was up 43.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.10) EPS. As a group, analysts forecast that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

Zeta Global Company Profile

Zeta Global Holdings Corp. is a technology company that provides data-driven marketing and customer experience solutions. Its platform combines consumer data, analytics, artificial intelligence and marketing automation to help brands acquire, engage and retain customers across digital and traditional channels.

The company’s offerings include the Zeta Marketing Platform, a technology suite designed to support audience identification, customer segmentation, campaign planning, personalization and measurement.