Tennessee Valley Asset Management Partners Buys New Position in Zeta Global Holdings Corp. (NASDAQ:ZETA)

Tennessee Valley Asset Management Partners acquired a new stake in Zeta Global Holdings Corp. (NASDAQ:ZETA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 99,789 shares of the company's stock, valued at approximately $1,761,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Zeta Global by 2.6% in the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company's stock valued at $182,723,000 after buying an additional 431,077 shares in the last quarter. Granahan Investment Management LLC grew its position in shares of Zeta Global by 15.3% during the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company's stock worth $71,554,000 after buying an additional 1,076,208 shares in the last quarter. Praesidium Investment Management Company LLC raised its stake 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 valued at $54,519,000 after buying an additional 5,806,578 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Zeta Global by 2.6% in the 1st quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company's stock valued at $33,125,000 after buying an additional 77,962 shares during the period. Finally, Capital World Investors acquired a new stake in Zeta Global in the fourth quarter worth $23,560,000. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Stock Performance

Zeta Global stock traded up $0.55 during mid-day trading on Friday, reaching $27.52. 2,278,938 shares of the stock traded hands, compared to its average volume of 3,046,158. Zeta Global Holdings Corp. has a 12-month low of $7.38 and a 12-month high of $27.61. The business's 50-day moving average is $22.88 and its 200-day moving average is $17.05. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market capitalization of $6.02 billion, a PE ratio of -25.96 and a beta of 1.26.

Zeta Global (NASDAQ:ZETA - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share (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 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%. The business's revenue was up 32.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.32) EPS. As a group, sell-side analysts predict that Zeta Global Holdings Corp. will post -0.43 EPS for the current fiscal year.

Analyst Ratings Changes

ZETA has been the subject of a number of research analyst reports. Barclays upped their target price on Zeta Global from $18.00 to $28.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Canaccord Genuity Group upped their price target on Zeta Global from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, September 6th. Truist Financial reaffirmed a "buy" rating and issued a $30.00 target price (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 price objective (up from $24.00) on shares of Zeta Global in a research note on Thursday, August 1st. Finally, Oppenheimer increased their price objective on Zeta Global from $20.00 to $29.00 and gave the company an "outperform" rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $29.75.

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.