Zurcher Kantonalbank Zurich Cantonalbank Sells 4,469 Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) by 13.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 28,847 shares of the company’s stock after selling 4,469 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Zeta Global were worth $254,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ZETA. Vanguard Group Inc. increased its position in shares of Zeta Global by 6.6% in the third quarter. Vanguard Group Inc. now owns 15,915,616 shares of the company’s stock valued at $132,895,000 after acquiring an additional 991,678 shares during the period. Bwcp LP bought a new position in Zeta Global during the 3rd quarter valued at approximately $7,719,000. Summit Creek Advisors LLC lifted its holdings in Zeta Global by 57.5% in the 3rd quarter. Summit Creek Advisors LLC now owns 1,468,944 shares of the company’s stock worth $12,266,000 after buying an additional 536,550 shares during the period. First Eagle Investment Management LLC grew its position in shares of Zeta Global by 97.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 663,600 shares of the company’s stock worth $5,541,000 after buying an additional 327,100 shares during the last quarter. Finally, Connors Investor Services Inc. purchased a new position in shares of Zeta Global during the third quarter valued at approximately $1,642,000. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Zeta Global Trading Up 1.4 %

NASDAQ:ZETA opened at $13.00 on Tuesday. The firm has a market capitalization of $2.84 billion, a P/E ratio of -10.74 and a beta of 1.12. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.76 and a quick ratio of 1.76. Zeta Global Holdings Corp. has a one year low of $7.24 and a one year high of $13.11. The company’s 50-day simple moving average is $11.28 and its 200 day simple moving average is $9.74.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on ZETA shares. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 28th. DA Davidson initiated coverage on shares of Zeta Global in a research note on Wednesday, April 3rd. They set a “buy” rating and a $15.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and issued a $13.00 price target on shares of Zeta Global in a research note on Wednesday, February 28th. Morgan Stanley raised Zeta Global from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $12.00 to $17.00 in a research report on Thursday, April 4th. Finally, Barclays increased their target price on Zeta Global from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company 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.