Connors Investor Services Inc. Sells 47,085 Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA)

Connors Investor Services Inc. cut its stake in Zeta Global Holdings Corp. (NASDAQ:ZETA - Free Report) by 19.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 198,335 shares of the company's stock after selling 47,085 shares during the period. Connors Investor Services Inc. owned 0.09% of Zeta Global worth $3,501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Quest Partners LLC raised its holdings in Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company's stock worth $41,000 after purchasing an additional 2,183 shares during the last quarter. Halpern Financial Inc. grew its holdings in Zeta Global by 18.6% during the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company's stock worth $56,000 after acquiring an additional 830 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of Zeta Global during the 2nd quarter valued at $105,000. SlateStone Wealth LLC acquired a new position in shares of Zeta Global in the 1st quarter valued at $135,000. Finally, Counterpoint Mutual Funds LLC boosted its position 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 worth $136,000 after purchasing an additional 1,065 shares during the last quarter. 75.82% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Price Performance

Shares of NASDAQ ZETA traded up $0.21 during mid-day trading on Tuesday, hitting $27.44. 2,231,322 shares of the stock traded hands, compared to its average volume of 2,322,463. Zeta Global Holdings Corp. has a twelve month low of $7.38 and a twelve month high of $27.73. The firm has a 50 day simple moving average of $23.29 and a two-hundred day simple moving average of $17.29. 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 company has a market cap of $6.00 billion, a PE ratio of -25.89 and a beta of 1.26.

Zeta Global (NASDAQ:ZETA - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. During the same quarter last year, the firm posted ($0.32) earnings per share. The business's revenue for the quarter was up 32.6% on a year-over-year basis. As a group, equities research analysts forecast that Zeta Global Holdings Corp. will post -0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ZETA has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on Zeta Global from $23.00 to $29.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. Roth Mkm boosted their price objective on shares of Zeta Global from $21.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, May 21st. Barclays increased their target price on shares of Zeta Global from $18.00 to $28.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. 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 research report on Thursday, August 1st. Finally, Morgan Stanley lowered Zeta Global from an "overweight" rating to an "equal weight" rating and lifted their target price 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, Zeta Global has an average 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.