Covestor Ltd Buys 1,451 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Covestor Ltd raised its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 2,902.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,501 shares of the company’s stock after buying an additional 1,451 shares during the quarter. Covestor Ltd’s holdings in Zeta Global were worth $45,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC acquired a new position in Zeta Global in the third quarter valued at approximately $26,000. Quest Partners LLC lifted its stake in 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 during the period. Farther Finance Advisors LLC lifted its stake in Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after buying an additional 1,360 shares during the period. Point72 Hong Kong Ltd acquired a new position in Zeta Global in the second quarter valued at approximately $99,000. Finally, Amalgamated Bank lifted its stake in Zeta Global by 20.0% in the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after buying an additional 948 shares during the period. 75.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Barclays boosted their price target on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday. Bank of America increased their target price on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Needham & Company LLC increased their target price on Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday. KeyCorp cut Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday. Finally, Morgan Stanley dropped their price objective on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.08.

Zeta Global Stock Up 1.3 %

ZETA stock opened at $17.59 on Friday. The company has a quick ratio of 1.98, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $3.87 billion, a PE ratio of -25.13 and a beta of 1.29. Zeta Global Holdings Corp. has a twelve month low of $7.65 and a twelve month high of $38.20. The stock has a 50-day simple moving average of $28.57 and a two-hundred day simple moving average of $22.48.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The business had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The business’s revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.27) EPS. On average, equities analysts predict that Zeta Global Holdings Corp. will post -0.45 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.