Lisanti Capital Growth LLC Reduces Stake in Zeta Global Holdings Corp. $ZETA

Lisanti Capital Growth LLC lessened its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 59.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,350 shares of the company’s stock after selling 219,855 shares during the period. Lisanti Capital Growth LLC owned about 0.06% of Zeta Global worth $3,060,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its stake in Zeta Global by 3,150.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock worth $26,000 after buying an additional 1,260 shares in the last quarter. Binnacle Investments Inc bought a new position in Zeta Global in the third quarter worth approximately $30,000. United Community Bank purchased a new stake in shares of Zeta Global during the fourth quarter valued at $31,000. National Bank of Canada FI grew its holdings in shares of Zeta Global by 223.1% during the third quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock valued at $36,000 after buying an additional 1,267 shares during the last quarter. Finally, Optiver Holding B.V. grew its holdings in shares of Zeta Global by 97.1% during the third quarter. Optiver Holding B.V. now owns 2,940 shares of the company’s stock valued at $58,000 after buying an additional 1,448 shares during the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Stock Up 4.1%

ZETA stock opened at $18.79 on Friday. The company has a market cap of $4.59 billion, a price-to-earnings ratio of -170.77, a PEG ratio of 2.93 and a beta of 1.29. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. Zeta Global Holdings Corp. has a 12 month low of $12.10 and a 12 month high of $24.90. The firm has a 50-day moving average of $16.99 and a two-hundred day moving average of $18.18.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $394.64 million during the quarter, compared to the consensus estimate of $378.09 million. Zeta Global had a negative net margin of 1.62% and a positive return on equity of 2.91%. The business’s revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 EPS. As a group, analysts forecast that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ZETA has been the topic of several recent analyst reports. Bank of America assumed coverage on shares of Zeta Global in a research note on Tuesday, May 19th. They set a “buy” rating and a $24.00 target price on the stock. Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. DA Davidson upped their price target on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. The Goldman Sachs Group upped their price target on shares of Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, B. Riley Financial restated a “buy” rating on shares of Zeta Global in a research report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $27.83.

Zeta Global Company 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.