Mackenzie Financial Corp Has $1.31 Million Stake in Zeta Global Holdings Corp. (NASDAQ:ZETA)

Mackenzie Financial Corp grew its holdings in Zeta Global Holdings Corp. (NASDAQ:ZETA) by 19.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 147,928 shares of the company’s stock after buying an additional 24,273 shares during the period. Mackenzie Financial Corp’s holdings in Zeta Global were worth $1,305,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Optas LLC acquired a new position in shares of Zeta Global in the 4th quarter valued at about $88,000. Arizona State Retirement System increased its holdings in shares of Zeta Global by 5.4% in the 4th quarter. Arizona State Retirement System now owns 43,351 shares of the company’s stock valued at $382,000 after purchasing an additional 2,215 shares during the period. Blue Trust Inc. increased its holdings in Zeta Global by 22.8% in the fourth quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock worth $92,000 after buying an additional 2,037 shares during the last quarter. Legato Capital Management LLC acquired a new position in Zeta Global in the fourth quarter worth approximately $929,000. Finally, SG Americas Securities LLC acquired a new position in Zeta Global in the fourth quarter worth approximately $203,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

Zeta Global Stock Performance

Shares of Zeta Global stock opened at $12.28 on Thursday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.02. The stock has a 50 day moving average price of $10.95 and a two-hundred day moving average price of $9.54. Zeta Global Holdings Corp. has a 12-month low of $7.24 and a 12-month high of $12.45.

Zeta Global (NASDAQ:ZETA) last announced its earnings results on Tuesday, February 27th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.36). The company had revenue of $210.00 million for the quarter, compared to the consensus estimate of $207.53 million. Zeta Global had a negative return on equity of 123.59% and a negative net margin of 25.73%. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.36) EPS. As a group, equities analysts predict that Zeta Global Holdings Corp. will post -0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

ZETA has been the topic of a number of research reports. TheStreet upgraded Zeta Global from a “d+” rating to a “c-” rating in a report on Tuesday, January 30th. Needham & Company LLC restated a “buy” rating and issued a $13.00 price objective on shares of Zeta Global in a report on Wednesday, February 28th. William Blair restated an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 28th. Morgan Stanley upgraded Zeta Global from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $12.00 to $17.00 in a report on Thursday, April 4th. Finally, Barclays increased their price objective on Zeta Global from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $15.00.

About Zeta Global

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.