Zeta Global Holdings Corp. (NYSE:ZETA) is Essex Investment Management Co. LLC’s 7th Largest Position

Essex Investment Management Co. LLC boosted its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 0.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 306,305 shares of the company’s stock after purchasing an additional 856 shares during the period. Zeta Global comprises approximately 1.6% of Essex Investment Management Co. LLC’s holdings, making the stock its 7th largest position. Essex Investment Management Co. LLC owned approximately 0.14% of Zeta Global worth $9,137,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ZETA. Quest Partners LLC raised its stake in shares of Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after purchasing an additional 2,183 shares in the last quarter. Halpern Financial Inc. raised its position in 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 in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Zeta Global in the second quarter valued at approximately $99,000. Amalgamated Bank grew its position in Zeta Global by 20.0% in the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after acquiring an additional 948 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Zeta Global during the 2nd quarter worth $105,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of Zeta Global in a research note on Wednesday. Craig Hallum upped their price target on Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Roth Mkm boosted their target price on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Bank of America increased their price target on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Truist Financial restated a “buy” rating and issued a $35.00 price objective (up from $30.00) on shares of Zeta Global in a research note on Friday, September 27th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $35.00.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $31.67 on Friday. The firm has a market capitalization of $6.97 billion, a PE ratio of -35.99 and a beta of 1.27. 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 $34.14. The business’s 50 day moving average is $26.81 and its 200-day moving average is $19.71.

Zeta Global (NYSE:ZETA) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). The business had revenue of $227.80 million for 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%. Zeta Global’s revenue was up 32.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.32) earnings per share. Sell-side analysts predict that Zeta Global Holdings Corp. will post -0.41 earnings per share for the current year.

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.