Zeta Global Holdings Corp. (NASDAQ:ZETA) Shares Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC increased its holdings in Zeta Global Holdings Corp. (NASDAQ:ZETA - Free Report) by 3,881.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 392,696 shares of the company's stock after buying an additional 382,832 shares during the period. Acadian Asset Management LLC owned about 0.18% of Zeta Global worth $6,926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Halpern Financial Inc. lifted its holdings in Zeta Global by 18.6% in the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company's stock valued at $56,000 after purchasing an additional 830 shares in the last quarter. nVerses Capital LLC lifted its holdings in Zeta Global by 1,900.0% in the 2nd quarter. nVerses Capital LLC now owns 12,000 shares of the company's stock valued at $212,000 after purchasing an additional 11,400 shares in the last quarter. SlateStone Wealth LLC purchased a new position in Zeta Global in the 1st quarter valued at about $135,000. Counterpoint Mutual Funds LLC lifted its holdings in Zeta Global by 9.4% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company's stock valued at $136,000 after purchasing an additional 1,065 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in Zeta Global in the 1st quarter valued at about $153,000. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Trading Up 4.9 %

ZETA traded up $1.21 on Wednesday, reaching $26.20. 2,455,472 shares of the company's stock were exchanged, compared to its average volume of 2,325,320. The company has a market cap of $5.73 billion, a price-to-earnings ratio of -24.71 and a beta of 1.26. The company's 50 day moving average is $22.48 and its 200-day moving average is $16.77. Zeta Global Holdings Corp. has a twelve month low of $7.38 and a twelve month 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.

Zeta Global (NASDAQ:ZETA - Get Free Report) last issued 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 firm had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The business's quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.32) EPS. Equities analysts predict that Zeta Global Holdings Corp. will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

ZETA has been the topic of a number of recent research reports. Barclays upped their target price on shares of Zeta Global from $18.00 to $28.00 and gave the company an "overweight" rating in a report on Thursday, August 1st. Roth Mkm upped their price objective on shares of Zeta Global from $21.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, May 21st. Needham & Company LLC upped their price objective on shares of Zeta Global from $28.00 to $33.00 and gave the company a "buy" rating in a research note on Monday. Morgan Stanley downgraded shares of Zeta Global from an "overweight" rating to an "equal weight" rating and upped their price objective for the company from $18.00 to $30.00 in a research note on Thursday, August 1st. Finally, Royal Bank of Canada upped their price objective on shares of Zeta Global from $23.00 to $29.00 and gave the company an "outperform" rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target 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.