Zeta Global Holdings Corp. (NASDAQ:ZETA) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its position in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA - Free Report) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 982,567 shares of the company's stock after acquiring an additional 35,170 shares during the quarter. First Eagle Investment Management LLC owned 0.45% of Zeta Global worth $17,342,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ZETA. Quest Partners LLC boosted its position in shares of 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 in the last quarter. Halpern Financial Inc. boosted its holdings in Zeta Global by 18.6% during the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company's stock worth $56,000 after buying an additional 830 shares in the last quarter. Amalgamated Bank grew its position in Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company's stock worth $100,000 after buying an additional 948 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in Zeta Global in the second quarter valued at about $105,000. Finally, nVerses Capital LLC lifted its position in shares of Zeta Global by 1,900.0% during the 2nd quarter. nVerses Capital LLC now owns 12,000 shares of the company's stock valued at $212,000 after acquiring an additional 11,400 shares during the period. 75.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays upped their price target on Zeta Global from $18.00 to $28.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. Needham & Company LLC lifted their price target on Zeta Global from $28.00 to $33.00 and gave the stock a "buy" rating in a research note on Monday, September 9th. Canaccord Genuity Group increased their price objective on shares of Zeta Global from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, September 6th. Royal Bank of Canada lifted their target price on shares of Zeta Global from $23.00 to $29.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. Finally, Morgan Stanley lowered shares of Zeta Global from an "overweight" rating to an "equal weight" rating and increased their price target for the company from $18.00 to $30.00 in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $29.75.

Zeta Global Trading Up 2.5 %

Shares of NASDAQ:ZETA traded up $0.70 during midday trading on Thursday, reaching $28.28. The company's stock had a trading volume of 3,163,472 shares, compared to its average volume of 2,327,261. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of -26.73 and a beta of 1.26. The business has a 50 day moving average price of $23.51 and a 200 day moving average price of $17.36. Zeta Global Holdings Corp. has a 1 year low of $7.38 and a 1 year high of $29.28. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NASDAQ:ZETA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.26). The business had revenue of $227.80 million during the quarter, compared to analysts' expectations of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm's quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.32) EPS. Research analysts forecast that Zeta Global Holdings Corp. will post -0.43 EPS for the current year.

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.