Zeta Global Holdings Corp. (NYSE:ZETA) Shares Acquired by Amalgamated Bank

Amalgamated Bank boosted its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 20.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,691 shares of the company’s stock after acquiring an additional 948 shares during the period. Amalgamated Bank’s holdings in Zeta Global were worth $100,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors purchased a new position in shares of Zeta Global during the 4th quarter worth $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 buying an additional 43,000 shares during the period. Regal Investment Advisors LLC grew its holdings in Zeta Global by 5.2% in the 4th quarter. Regal Investment Advisors LLC now owns 55,366 shares of the company’s stock valued at $488,000 after buying an additional 2,748 shares during the period. Scalar Gauge Management LLC purchased a new stake in Zeta Global in the 4th quarter valued at about $6,411,000. Finally, Granahan Investment Management LLC lifted its holdings in shares of Zeta Global by 15.3% during the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock worth $71,554,000 after acquiring an additional 1,076,208 shares during the period. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Trading Down 0.5 %

Shares of ZETA opened at $29.67 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. Zeta Global Holdings Corp. has a 1-year low of $7.38 and a 1-year high of $32.11. The stock has a market capitalization of $6.53 billion, a P/E ratio of -27.99 and a beta of 1.26. The business’s 50-day moving average price is $25.26 and its 200 day moving average price is $18.63.

Zeta Global (NYSE:ZETA) last issued its 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). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The business had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. During the same period last year, the business earned ($0.32) EPS. The business’s quarterly revenue was up 32.6% on a year-over-year basis. Analysts expect that Zeta Global Holdings Corp. will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ZETA shares. Morgan Stanley downgraded Zeta Global from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $18.00 to $30.00 in a report on Thursday, August 1st. Craig Hallum raised their price objective on Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, September 27th. DA Davidson increased their target price on shares of Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Royal Bank of Canada lifted their price target on shares of Zeta Global from $29.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Finally, Needham & Company LLC increased their price objective on shares of Zeta Global from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $34.25.

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.