Zeta Global Holdings Corp. (NASDAQ:ZETA) Shares Bought by Raymond James & Associates

Raymond James & Associates boosted its holdings in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) by 236.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 79,289 shares of the company’s stock after buying an additional 55,709 shares during the quarter. Raymond James & Associates’ holdings in Zeta Global were worth $1,399,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Halpern Financial Inc. grew its stake in Zeta Global by 18.6% during the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after purchasing an additional 830 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Zeta Global during the 4th quarter valued at about $100,000. SlateStone Wealth LLC purchased a new stake in Zeta Global during the 1st quarter valued at about $135,000. Entropy Technologies LP purchased a new stake in Zeta Global during the 1st quarter valued at about $153,000. Finally, Principal Financial Group Inc. grew its stake in Zeta Global by 18.9% during the 1st quarter. Principal Financial Group Inc. now owns 18,894 shares of the company’s stock valued at $207,000 after purchasing an additional 2,997 shares during the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Analyst Upgrades and Downgrades

ZETA has been the topic of several research analyst reports. Royal Bank of Canada boosted their price target on Zeta Global from $23.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Bank of America upped their target price on Zeta Global from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Craig Hallum upped their target price on Zeta Global from $22.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a research note on Wednesday, August 21st. Finally, Truist Financial restated a “buy” rating and issued a $30.00 target price (up previously from $23.00) on shares of Zeta Global in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Zeta Global has an average rating of “Buy” and an average price target of $28.00.

Zeta Global Stock Performance

Shares of ZETA stock opened at $24.88 on Thursday. The company has a market capitalization of $5.47 billion, a P/E ratio of -23.47 and a beta of 1.26. The business’s 50 day moving average is $21.67 and its two-hundred day moving average is $16.23. 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 12-month low of $7.38 and a 12-month high of $26.45.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $212.44 million. During the same quarter in the prior year, the company posted ($0.32) EPS. The business’s revenue for the quarter was up 32.6% compared to the same quarter last year. Analysts expect that Zeta Global Holdings Corp. will post -0.43 EPS for the current fiscal 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.