Marathon Capital Management Reduces Stock Holdings in Zeta Global Holdings Corp. (NASDAQ:ZETA)

Marathon Capital Management lowered its position in Zeta Global Holdings Corp. (NASDAQ:ZETA) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 238,275 shares of the company’s stock after selling 4,375 shares during the quarter. Zeta Global accounts for approximately 1.1% of Marathon Capital Management’s holdings, making the stock its 25th biggest holding. Marathon Capital Management’s holdings in Zeta Global were worth $4,206,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Quest Partners LLC increased its position in shares of Zeta Global by 1,718.9% in the second 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. boosted its stake in shares of Zeta Global by 18.6% during the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after acquiring an additional 830 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Zeta Global during the second quarter valued at $99,000. Amalgamated Bank boosted its stake in shares of 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 acquiring an additional 948 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Zeta Global during the second quarter valued at $105,000. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Zeta Global Stock Performance

ZETA opened at $29.75 on Friday. The company has a market cap of $6.54 billion, a PE ratio of -28.07 and a beta of 1.26. The stock has a 50-day moving average of $24.74 and a 200-day moving average of $18.12. Zeta Global Holdings Corp. has a 52-week low of $7.38 and a 52-week high of $32.11. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98.

Zeta Global (NASDAQ:ZETA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.26). The firm had revenue of $227.80 million during the quarter, compared to analyst estimates 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 was up 32.6% on a year-over-year basis. During the same period last year, the company earned ($0.32) EPS. As a group, equities research analysts forecast that Zeta Global Holdings Corp. will post -0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on ZETA. Morgan Stanley lowered Zeta Global from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $18.00 to $30.00 in a research note on Thursday, August 1st. Canaccord Genuity Group raised their price target on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Craig Hallum raised their price target on Zeta Global from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. 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. Finally, Truist Financial reissued a “buy” rating and issued a $30.00 price target (up from $23.00) 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’s stock. Based on data from MarketBeat.com, Zeta Global currently has a consensus rating of “Buy” and a consensus price target of $31.50.

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.