Federated Hermes Inc. Invests $6.77 Million in Zeta Global Holdings Corp. (NASDAQ:ZETA)

Federated Hermes Inc. purchased a new position in Zeta Global Holdings Corp. (NASDAQ:ZETA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 383,762 shares of the company's stock, valued at approximately $6,773,000. Federated Hermes Inc. owned approximately 0.18% of Zeta Global as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ZETA. Quest Partners LLC lifted its holdings in Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company's stock valued at $41,000 after purchasing an additional 2,183 shares in the last quarter. Halpern Financial Inc. lifted its stake in shares of Zeta Global by 18.6% during the 1st 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 position in Zeta Global in the 2nd quarter worth $105,000. SlateStone Wealth LLC purchased a new stake in Zeta Global in the 1st quarter worth $135,000. Finally, Counterpoint Mutual Funds LLC raised its holdings in Zeta Global by 9.4% during the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company's stock valued at $136,000 after acquiring an additional 1,065 shares during the period. Institutional investors own 75.82% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Truist Financial reiterated a "buy" rating and set a $30.00 target price (up previously from $23.00) on shares of Zeta Global in a research report on Thursday, August 1st. Craig Hallum lifted their price objective on shares of Zeta Global from $32.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, September 6th. DA Davidson restated a "buy" rating and set a $30.00 target price on shares of Zeta Global in a research report on Tuesday, September 10th. Royal Bank of Canada lifted their price target on shares of Zeta Global from $23.00 to $29.00 and gave the company an "outperform" rating in a report on Thursday, August 1st. Finally, Oppenheimer increased their price objective on shares of Zeta Global from $20.00 to $29.00 and gave the company an "outperform" rating 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $29.75.

Zeta Global Trading Up 0.5 %

ZETA stock traded up $0.14 during midday trading on Wednesday, reaching $27.58. 2,279,649 shares of the company traded hands, compared to its average volume of 2,322,231. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average of $23.29 and a 200-day moving average of $17.29. Zeta Global Holdings Corp. has a 52-week low of $7.38 and a 52-week high of $28.14.

Zeta Global (NASDAQ:ZETA - Get Free Report) last issued its quarterly earnings results 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 company 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 firm's quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.32) earnings per share. On average, sell-side analysts forecast that Zeta Global Holdings Corp. will post -0.43 earnings per share for the current year.

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.