Zeta Global Holdings Corp. (NASDAQ:ZETA) Position Increased by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its stake in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) by 28.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 286,002 shares of the company’s stock after acquiring an additional 64,135 shares during the quarter. New York State Common Retirement Fund’s holdings in Zeta Global were worth $2,523,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Insight Wealth Strategies LLC purchased a new stake in Zeta Global during the fourth quarter valued at about $922,000. Legato Capital Management LLC acquired a new position in Zeta Global in the 4th quarter worth approximately $929,000. Vanguard Group Inc. grew its position in Zeta Global by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 15,915,616 shares of the company’s stock worth $132,895,000 after purchasing an additional 991,678 shares in the last quarter. Blue Trust Inc. raised its stake in 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 period. Finally, First Eagle Investment Management LLC boosted its position in shares of Zeta Global by 97.2% in the third 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 period. 75.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ZETA shares. Oppenheimer increased their price objective on Zeta Global from $14.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday. DA Davidson raised their price target on shares of Zeta Global from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays upped their price objective on shares of Zeta Global from $15.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday. Bank of America boosted their price target on shares of Zeta Global from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Morgan Stanley increased their price objective on Zeta Global from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $18.75.

Zeta Global Stock Performance

ZETA opened at $15.37 on Wednesday. The stock has a 50-day moving average of $11.33 and a 200-day moving average of $9.77. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.76 and a current ratio of 1.76. Zeta Global Holdings Corp. has a 52-week low of $7.24 and a 52-week high of $15.90. The company has a market cap of $3.36 billion, a PE ratio of -12.70 and a beta of 1.12.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings data on Monday, May 6th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.02. The business had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $187.16 million. Zeta Global had a negative net margin of 25.73% and a negative return on equity of 123.59%. Zeta Global’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.38) earnings per share. As a group, equities research analysts forecast that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current fiscal year.

Zeta Global 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.