1,625,970 Shares in Zeta Global Holdings Corp. (NASDAQ:ZETA) Bought by William Blair Investment Management LLC

William Blair Investment Management LLC purchased a new stake in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,625,970 shares of the company's stock, valued at approximately $28,698,000. William Blair Investment Management LLC owned about 0.74% of Zeta Global as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Quest Partners LLC grew its position in Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company's stock worth $41,000 after buying an additional 2,183 shares in the last quarter. Halpern Financial Inc. increased its stake in shares of Zeta Global by 18.6% in the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company's stock valued at $56,000 after buying an additional 830 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Zeta Global during the 2nd quarter worth about $105,000. SlateStone Wealth LLC bought a new stake in shares of Zeta Global during the first quarter valued at approximately $135,000. Finally, Counterpoint Mutual Funds LLC increased its stake in shares of 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 buying an additional 1,065 shares during the period. 75.82% of the stock is currently owned by institutional investors.

Zeta Global Stock Down 1.0 %

Zeta Global stock traded down $0.28 during midday trading on Monday, reaching $27.24. The stock had a trading volume of 2,121,316 shares, compared to its average volume of 2,322,958. The stock has a market capitalization of $5.96 billion, a P/E ratio of -25.70 and a beta of 1.26. The firm's fifty day simple moving average is $23.08 and its 200-day simple moving average is $17.17. 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 1-year low of $7.38 and a 1-year high of $27.73.

Zeta Global (NASDAQ:ZETA - Get Free Report) last announced 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). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The business had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. During the same period in the prior year, the firm earned ($0.32) EPS. The business's revenue for the quarter was up 32.6% compared to the same quarter last year. As a group, analysts expect that Zeta Global Holdings Corp. will post -0.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZETA has been the topic of several recent research reports. 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 research note on Thursday, August 1st. Bank of America lifted their price objective on Zeta Global from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Monday, June 24th. Canaccord Genuity Group upped their price target on Zeta Global from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, September 6th. B. Riley reissued a "buy" rating and set a $30.00 price objective (up previously from $24.00) on shares of Zeta Global in a research note on Thursday, August 1st. Finally, 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 research note on Thursday, August 1st. One equities research 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. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price 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.