Russell Investments Group Ltd. boosted its stake in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA – Free Report) by 99.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 554,597 shares of the company’s stock after buying an additional 276,294 shares during the period. Russell Investments Group Ltd. owned 0.25% of Zeta Global worth $6,062,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Halpern Financial Inc. boosted its position in Zeta Global by 18.6% during the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after purchasing an additional 830 shares in the last quarter. Optas LLC acquired a new position in shares of Zeta Global during the fourth quarter worth $88,000. Blue Trust Inc. lifted its holdings in shares of Zeta Global by 22.8% during the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after purchasing an additional 2,037 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Zeta Global in the 4th quarter worth $100,000. Finally, SlateStone Wealth LLC purchased a new position in Zeta Global during the 1st quarter worth $135,000. Institutional investors own 75.82% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on ZETA. Barclays raised their price target on Zeta Global from $15.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Truist Financial assumed coverage on shares of Zeta Global in a research note on Monday, July 15th. They set a “buy” rating and a $23.00 price target on the stock. Roth Mkm lifted their price objective on shares of Zeta Global from $21.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. B. Riley raised their target price on Zeta Global from $18.50 to $24.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Bank of America lifted their price target on Zeta Global from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $21.42.
Check Out Our Latest Report on ZETA
Zeta Global Stock Performance
Shares of Zeta Global stock opened at $20.55 on Monday. Zeta Global Holdings Corp. has a twelve month low of $7.24 and a twelve month high of $20.99. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.89 and a current ratio of 1.89. The business has a 50-day moving average price of $17.12 and a 200 day moving average price of $13.06.
Zeta Global (NASDAQ:ZETA – Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.02. The business had revenue of $195.00 million for the quarter, compared to the consensus estimate of $187.16 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 101.48%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.38) earnings per share. On average, analysts predict that Zeta Global Holdings Corp. will post -0.37 EPS for the current fiscal 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.
Featured Articles
Want to see what other hedge funds are holding ZETA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zeta Global Holdings Corp. (NASDAQ:ZETA – Free Report).
Receive News & Ratings for Zeta Global Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Zeta Global and related companies with MarketBeat.com’s FREE daily email newsletter.
