D. E. Shaw & Co. Inc. Acquires 1,728,005 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

D. E. Shaw & Co. Inc. raised its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 1,444.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,847,610 shares of the company’s stock after buying an additional 1,728,005 shares during the period. D. E. Shaw & Co. Inc. owned about 0.84% of Zeta Global worth $32,610,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Capital World Investors acquired a new stake in shares of Zeta Global during the 4th quarter worth about $23,560,000. CastleKnight Management LP lifted its position in Zeta Global by 94.7% during the fourth quarter. CastleKnight Management LP now owns 88,400 shares of the company’s stock worth $780,000 after acquiring an additional 43,000 shares during the last quarter. Regal Investment Advisors LLC boosted its holdings in shares of Zeta Global by 5.2% during the fourth quarter. Regal Investment Advisors LLC now owns 55,366 shares of the company’s stock worth $488,000 after acquiring an additional 2,748 shares during the period. Scalar Gauge Management LLC acquired a new position in shares of Zeta Global in the fourth quarter valued at approximately $6,411,000. Finally, Granahan Investment Management LLC increased its stake in shares of Zeta Global by 15.3% during the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock worth $71,554,000 after purchasing an additional 1,076,208 shares during the period. 75.82% of the stock is owned by institutional investors and hedge funds.

Zeta Global Stock Performance

Zeta Global stock opened at $29.51 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The stock has a market cap of $6.49 billion, a PE ratio of -27.84 and a beta of 1.26. Zeta Global Holdings Corp. has a 12-month low of $7.38 and a 12-month high of $32.11. The business’s 50-day moving average price is $24.92 and its two-hundred day moving average price is $18.30.

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

Analyst Ratings Changes

Several research firms recently issued reports on ZETA. DA Davidson boosted their price target on Zeta Global from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. B. Riley reissued a “buy” rating and issued a $30.00 target price (up previously from $24.00) on shares of Zeta Global in a research report on Thursday, August 1st. Barclays raised their price target on shares of Zeta Global from $18.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Canaccord Genuity Group boosted their price objective on shares of Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Bank of America lifted their price target on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $32.50.

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.