Zurcher Kantonalbank Zurich Cantonalbank Trims Stock Position in Zeta Global Holdings Corp. (NASDAQ:ZETA)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA - Free Report) by 50.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,847 shares of the company's stock after selling 28,847 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Zeta Global were worth $509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Halpern Financial Inc. increased its stake in shares of 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 during the period. Counterpoint Mutual Funds LLC bought a new position in Zeta Global during the fourth quarter worth $100,000. SlateStone Wealth LLC acquired a new position in Zeta Global in the 1st quarter valued at approximately $135,000. Entropy Technologies LP acquired a new stake in shares of Zeta Global during the 1st quarter valued at about $153,000. Finally, Victory Capital Management Inc. boosted its stake in Zeta Global by 25.7% in the 4th quarter. Victory Capital Management Inc. now owns 20,167 shares of the company's stock valued at $178,000 after buying an additional 4,128 shares in the last quarter. Hedge funds and other institutional investors own 75.82% of the company's stock.

Analysts Set New Price Targets

ZETA has been the topic of a number of research reports. Craig Hallum upped their target price on shares of Zeta Global from $32.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday. B. Riley reaffirmed a "buy" rating and issued a $30.00 target price (up previously from $24.00) on shares of Zeta Global in a research report on Thursday, August 1st. Truist Financial restated a "buy" rating and set a $30.00 price objective (up from $23.00) on shares of Zeta Global in a research note on Thursday, August 1st. Royal Bank of Canada lifted their price objective on shares of Zeta Global from $23.00 to $29.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. Finally, Morgan Stanley cut Zeta Global from an "overweight" rating to an "equal weight" rating and lifted their price target for the stock from $18.00 to $30.00 in a report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $28.42.

Zeta Global Price Performance

Zeta Global stock traded down $1.79 during mid-day trading on Friday, hitting $25.06. 5,370,747 shares of the company traded hands, compared to its average volume of 2,305,854. The stock has a fifty day moving average price of $22.01 and a 200-day moving average price of $16.45. Zeta Global Holdings Corp. has a one year low of $7.38 and a one year high of $27.39. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of -23.64 and a beta of 1.26.

Zeta Global (NASDAQ:ZETA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. During the same quarter in the prior year, the company earned ($0.32) earnings per share. The company's quarterly revenue was up 32.6% compared to the same quarter last year. On average, equities analysts predict that Zeta Global Holdings Corp. will post -0.43 earnings per share for the current fiscal 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.