Empowered Funds LLC Invests $5.64 Million in Zeta Global Holdings Corp. (NYSE:ZETA)

Empowered Funds LLC bought a new position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 189,212 shares of the company's stock, valued at approximately $5,644,000. Empowered Funds LLC owned 0.09% of Zeta Global at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ZETA. Swiss National Bank increased its position in Zeta Global by 1.3% in the first quarter. Swiss National Bank now owns 309,600 shares of the company's stock worth $3,384,000 after buying an additional 4,000 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Zeta Global by 99.3% in the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company's stock worth $6,062,000 after purchasing an additional 276,294 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Zeta Global by 9.7% in the first quarter. ProShare Advisors LLC now owns 25,249 shares of the company's stock worth $276,000 after purchasing an additional 2,236 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Zeta Global in the first quarter worth $153,000. Finally, Vanguard Group Inc. grew its stake in shares of Zeta Global by 2.6% in the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company's stock worth $182,723,000 after purchasing an additional 431,077 shares in the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on ZETA. B. Riley increased their price target on Zeta Global from $30.00 to $37.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Morgan Stanley decreased their price target on Zeta Global from $41.00 to $26.00 and set an "equal weight" rating for the company in a research note on Friday. DA Davidson increased their price target on Zeta Global from $39.00 to $42.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Bank of America raised their target price on Zeta Global from $30.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Finally, Roth Mkm raised their target price on Zeta Global from $33.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Zeta Global presently has a consensus rating of "Moderate Buy" and an average price target of $39.08.

Zeta Global Trading Up 1.2 %

Shares of NYSE:ZETA traded up $0.21 during midday trading on Friday, reaching $17.58. The company had a trading volume of 25,433,628 shares, compared to its average volume of 8,545,498. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.98 and a current ratio of 3.32. Zeta Global Holdings Corp. has a 1-year low of $7.65 and a 1-year high of $38.20. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of -25.11 and a beta of 1.29. The company has a fifty day simple moving average of $28.57 and a two-hundred day simple moving average of $22.62.

Zeta Global (NYSE:ZETA - Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). The business had revenue of $268.30 million during the quarter, compared to analysts' expectations of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm's revenue was up 42.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.27) earnings per share. Research analysts predict that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current 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.