Point72 Hong Kong Ltd Takes $99,000 Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Point72 Hong Kong Ltd purchased a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,636 shares of the company’s stock, valued at approximately $99,000.

Several other institutional investors also recently bought and sold shares of ZETA. Quest Partners LLC lifted its position in shares of Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after buying an additional 2,183 shares in the last quarter. Halpern Financial Inc. raised 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 worth $56,000 after acquiring an additional 830 shares during the period. Amalgamated Bank lifted its holdings in Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Zeta Global in the second quarter valued at about $105,000. Finally, Xponance Inc. purchased a new stake in shares of Zeta Global during the second quarter worth about $183,000. 75.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Canaccord Genuity Group lifted their price objective on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Bank of America boosted their price target on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday. Craig Hallum raised their price objective on Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday. Oppenheimer upped their target price on shares of Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, B. Riley reissued a “buy” rating and issued a $30.00 price target (up from $24.00) on shares of Zeta Global in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $32.50.

Zeta Global Trading Down 0.8 %

ZETA opened at $29.50 on Friday. The business’s 50 day moving average price is $24.92 and its 200 day moving average price is $18.25. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market capitalization of $6.49 billion, a PE ratio of -27.83 and a beta of 1.26. Zeta Global Holdings Corp. has a one year low of $7.38 and a one year high of $32.11.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). The business had revenue of $227.80 million for the quarter, compared to analysts’ expectations of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The business’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.32) earnings per share. As a group, equities research analysts expect that Zeta Global Holdings Corp. will post -0.43 EPS for the current 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.