Allspring Global Investments Holdings LLC Sells 8,494 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Allspring Global Investments Holdings LLC trimmed its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 22.2% during the third quarter, Holdings Channel reports. The institutional investor owned 29,839 shares of the company’s stock after selling 8,494 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Zeta Global were worth $890,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. D. E. Shaw & Co. Inc. raised its stake in shares of Zeta Global by 1,444.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after buying an additional 1,728,005 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Zeta Global during the second quarter worth $28,698,000. Renaissance Technologies LLC raised its stake in Zeta Global by 85.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock worth $35,635,000 after buying an additional 929,800 shares during the period. Millennium Management LLC raised its position in shares of Zeta Global by 358.3% during the second quarter. Millennium Management LLC now owns 1,189,295 shares of the company’s stock worth $20,991,000 after purchasing an additional 929,792 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Zeta Global in the 2nd quarter valued at approximately $9,783,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

Zeta Global Price Performance

ZETA opened at $27.66 on Friday. Zeta Global Holdings Corp. has a 12-month low of $7.50 and a 12-month high of $34.14. The stock has a market capitalization of $6.08 billion, a P/E ratio of -31.43 and a beta of 1.27. The stock has a 50-day moving average price of $28.13 and a 200-day moving average price of $21.29. 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 (NYSE:ZETA) last posted its 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 business had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The firm’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.32) earnings per share. Equities analysts predict that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZETA has been the topic of several recent research reports. Oppenheimer boosted their price target on Zeta Global from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. DA Davidson increased their price objective on Zeta Global from $35.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Canaccord Genuity Group lifted their price objective on shares of Zeta Global from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Barclays downgraded Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 price target on the stock. in a research report on Friday, October 18th. Finally, Craig Hallum lifted their target price on Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Zeta Global currently has a consensus rating of “Buy” and an average price target of $35.69.

Zeta Global 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.