Legato Capital Management LLC Sells 42,807 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Legato Capital Management LLC decreased its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 29.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 102,566 shares of the company’s stock after selling 42,807 shares during the quarter. Legato Capital Management LLC’s holdings in Zeta Global were worth $1,845,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bleakley Financial Group LLC lifted its holdings in Zeta Global by 4.7% during the 4th quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company’s stock worth $254,000 after purchasing an additional 636 shares in the last quarter. Wolff Wiese Magana LLC purchased a new stake in Zeta Global during the 3rd quarter worth about $26,000. HighTower Advisors LLC lifted its holdings in Zeta Global by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after purchasing an additional 892 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Zeta Global by 104.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after acquiring an additional 1,136 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Zeta Global by 3,885.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after acquiring an additional 1,360 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on ZETA shares. Royal Bank of Canada lowered their price target on Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Oppenheimer raised their price target on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. DA Davidson raised their price target on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Morgan Stanley lowered their price target on Zeta Global from $26.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, Craig Hallum raised their price target on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Four research 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Insider Buying and Selling

In other Zeta Global news, CFO Christopher E. Greiner acquired 7,975 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the transaction, the chief financial officer now owns 2,330,010 shares in the company, valued at $43,804,188. This represents a 0.34 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Steven H. Gerber acquired 13,250 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $18.55 per share, for a total transaction of $245,787.50. Following the completion of the transaction, the chief operating officer now owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. The trade was a 0.45 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 129,901 shares of company stock worth $2,471,244 in the last ninety days. 25.54% of the stock is owned by insiders.

Zeta Global Price Performance

ZETA opened at $20.62 on Wednesday. The stock’s 50 day simple moving average is $19.57 and its 200 day simple moving average is $23.87. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global Holdings Corp. has a 1 year low of $9.35 and a 1 year high of $38.20. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of -29.45, a PEG ratio of 1.54 and a beta of 1.17.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results 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). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The company had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. During the same quarter in the previous year, the business earned ($0.27) earnings per share. Zeta Global’s revenue was up 42.0% compared to the same quarter last year. As a group, analysts predict that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

Zeta Global Company 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.