Zeta Global Holdings Corp. (NASDAQ:ZETA) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its position in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA - Free Report) by 16.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 220,670 shares of the company's stock after selling 43,010 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.10% of Zeta Global worth $3,895,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the business. Praesidium Investment Management Company LLC increased its position in Zeta Global by 1,549.5% during the fourth quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company's stock worth $54,519,000 after purchasing an additional 5,806,578 shares during the last quarter. Capital World Investors purchased a new stake in shares of Zeta Global during the 4th quarter valued at approximately $23,560,000. Ophir Asset Management Pty Ltd acquired a new position in Zeta Global in the fourth quarter valued at approximately $19,682,000. Massachusetts Financial Services Co. MA acquired a new stake in Zeta Global during the fourth quarter worth $18,664,000. Finally, Granahan Investment Management LLC raised its position in Zeta Global by 15.3% in the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company's stock valued at $71,554,000 after purchasing an additional 1,076,208 shares during the period. Hedge funds and other institutional investors own 75.82% of the company's stock.

Zeta Global Stock Performance

Shares of ZETA stock traded down $0.73 during mid-day trading on Tuesday, hitting $24.98. 2,697,254 shares of the stock were exchanged, compared to its average volume of 2,324,579. The stock's fifty day simple moving average is $22.16 and its two-hundred day simple moving average is $16.61. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. Zeta Global Holdings Corp. has a 12-month low of $7.38 and a 12-month high of $27.39. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of -23.57 and a beta of 1.26.

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

Analysts Set New Price Targets

A number of research analysts have commented on ZETA shares. Bank of America upped their price target on Zeta Global from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Monday, June 24th. Truist Financial restated a "buy" rating and issued a $30.00 price objective (up previously from $23.00) on shares of Zeta Global in a report on Thursday, August 1st. B. Riley reiterated a "buy" rating and set a $30.00 target price (up from $24.00) on shares of Zeta Global in a report on Thursday, August 1st. Needham & Company LLC boosted their price target on shares of Zeta Global from $28.00 to $33.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Morgan Stanley lowered Zeta Global from an "overweight" rating to an "equal weight" rating and lifted their target price for the company 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $29.75.

About Zeta Global

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.