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

Legato Capital Management LLC cut its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 29.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,566 shares of the company’s stock after selling 42,807 shares during the period. 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 have also added to or reduced their stakes in the stock. Lord Abbett & CO. LLC boosted its holdings in Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after acquiring an additional 2,623,980 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Zeta Global by 18.8% in the third quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after acquiring an additional 674,192 shares during the last quarter. State Street Corp boosted its holdings in Zeta Global by 12.2% in the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after acquiring an additional 455,944 shares during the last quarter. FMR LLC boosted its holdings in Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after acquiring an additional 3,557,119 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC lifted its stake in Zeta Global by 210.4% in the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock valued at $74,978,000 after buying an additional 1,703,679 shares during the period. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Trading Down 4.8 %

NYSE ZETA opened at $20.62 on Wednesday. The firm has a market capitalization of $4.90 billion, a P/E ratio of -29.45, a PEG ratio of 1.54 and a beta of 1.17. The business has a fifty day simple moving average of $19.57 and a 200 day simple moving average of $23.87. Zeta Global Holdings Corp. has a 12 month low of $9.35 and a 12 month high of $38.20. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The company had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.27) earnings per share. On average, analysts predict that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ZETA. Truist Financial reissued a “buy” rating and issued a $42.00 price target (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Craig Hallum boosted their price target on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Needham & Company LLC reissued a “buy” rating and issued a $43.00 price target on shares of Zeta Global in a research note on Thursday, January 16th. Royal Bank of Canada dropped their price target on Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, Oppenheimer boosted their price target on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Zeta Global has an average rating of “Moderate Buy” and an average price target of $37.43.

Insider Activity at Zeta Global

In other Zeta Global news, CEO David Steinberg acquired 53,676 shares of Zeta Global stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the purchase, the chief executive officer now directly owns 65,310 shares of the company’s stock, valued at $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Steven H. Gerber acquired 13,250 shares of Zeta Global stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $18.55 per share, with a total value of $245,787.50. Following the purchase, the chief operating officer now directly owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This trade represents a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is owned by insiders.

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.