Calamos Advisors LLC trimmed its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 79.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,222 shares of the company's stock after selling 129,970 shares during the period. Calamos Advisors LLC's holdings in Zeta Global were worth $616,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Juncture Wealth Strategies LLC grew its position in shares of Zeta Global by 3.1% during the third quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company's stock worth $633,000 after acquiring an additional 634 shares during the last quarter. Essex Investment Management Co. LLC grew its position in Zeta Global by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company's stock worth $9,137,000 after purchasing an additional 856 shares during the last quarter. Wolff Wiese Magana LLC purchased a new position in shares of Zeta Global during the third quarter worth about $26,000. HighTower Advisors LLC grew its holdings in shares of Zeta Global by 4.2% during the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company's stock worth $668,000 after buying an additional 892 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company's stock worth $66,000 after buying an additional 1,136 shares during the last quarter. Hedge funds and other institutional investors own 87.75% of the company's stock.
Shares of ZETA stock opened at $18.72 on Thursday. The stock has a market cap of $4.44 billion, a PE ratio of -26.74, a P/E/G ratio of 1.35 and a beta of 1.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current 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 stock has a fifty day moving average price of $19.66 and a 200 day moving average price of $23.83.
Zeta Global (NYSE:ZETA - Get Free Report) last released 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). The firm had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The company's quarterly revenue was up 42.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.27) EPS. Sell-side analysts forecast that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.
Several research analysts have weighed in on ZETA shares. William Blair reiterated an "outperform" rating on shares of Zeta Global in a research note on Thursday, December 19th. Barclays lifted their price objective on shares of Zeta Global from $28.00 to $32.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 13th. Oppenheimer raised their target price on shares of Zeta Global from $33.00 to $42.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Morgan Stanley dropped their price target on shares of Zeta Global from $26.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Finally, Royal Bank of Canada reduced their price objective on shares of Zeta Global from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $37.43.
Check Out Our Latest Research Report on Zeta Global
In other news, CEO David Steinberg bought 53,676 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the purchase, the chief executive officer now owns 65,310 shares of the company's stock, valued at $1,256,564.40. This trade represents a 461.37 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Christopher E. Greiner bought 7,975 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $18.80 per share, with a total value of $149,930.00. Following the purchase, the chief financial officer now directly owns 2,330,010 shares in the company, valued at $43,804,188. The trade was a 0.34 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 129,901 shares of company stock worth $2,471,244 in the last ninety days. Insiders own 25.54% of the company's stock.
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.
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