Vanguard Group Inc. Buys 370,912 Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA)

Vanguard Group Inc. lifted its position in Zeta Global Holdings Corp. (NASDAQ:ZETA) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,286,528 shares of the company’s stock after purchasing an additional 370,912 shares during the quarter. Vanguard Group Inc. owned about 7.46% of Zeta Global worth $143,647,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Optas LLC bought a new stake in Zeta Global in the 4th quarter worth approximately $88,000. Blue Trust Inc. increased its position 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 purchasing an additional 2,037 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Zeta Global during the fourth quarter valued at $100,000. Victory Capital Management Inc. lifted its position in Zeta Global by 25.7% during the fourth quarter. Victory Capital Management Inc. now owns 20,167 shares of the company’s stock valued at $178,000 after purchasing an additional 4,128 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Zeta Global in the 4th quarter worth $203,000. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank of Canada assumed coverage on shares of Zeta Global in a report on Tuesday, June 25th. They issued an “outperform” rating and a $20.00 price target for the company. Needham & Company LLC lifted their target price on Zeta Global from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Canaccord Genuity Group increased their price target on Zeta Global from $17.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Canaccord Genuity Group raised shares of Zeta Global to a “strong-buy” rating in a research note on Tuesday, May 7th. Finally, Barclays increased their target price on shares of Zeta Global from $15.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Twelve investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $20.59.

Zeta Global Price Performance

Shares of ZETA stock opened at $17.40 on Friday. The company has a market capitalization of $3.81 billion, a P/E ratio of -16.41 and a beta of 1.23. The company’s 50-day simple moving average is $16.08 and its two-hundred day simple moving average is $12.25. Zeta Global Holdings Corp. has a one year low of $7.24 and a one year high of $18.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.89 and a quick ratio of 1.89.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.02. The company had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $187.16 million. Zeta Global had a negative return on equity of 101.48% and a negative net margin of 22.20%. Zeta Global’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.38) earnings per share. As a group, equities analysts anticipate that Zeta Global Holdings Corp. will post -0.38 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.