25,331 Shares in Zeta Global Holdings Corp. (NASDAQ:ZETA) Acquired by Seven Eight Capital LP

Seven Eight Capital LP acquired a new position in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,331 shares of the company's stock, valued at approximately $447,000.

Several other hedge funds also recently modified their holdings of the stock. Victory Capital Management Inc. increased its holdings in Zeta Global by 25.7% during the fourth quarter. Victory Capital Management Inc. now owns 20,167 shares of the company's stock worth $178,000 after buying an additional 4,128 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Zeta Global by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,249,359 shares of the company's stock valued at $11,019,000 after purchasing an additional 36,829 shares during the last quarter. Trexquant Investment LP grew its holdings in Zeta Global by 113.5% during the fourth quarter. Trexquant Investment LP now owns 156,980 shares of the company's stock worth $1,385,000 after purchasing an additional 83,446 shares during the period. George Kaiser Family Foundation increased its position in Zeta Global by 891.8% during the fourth quarter. George Kaiser Family Foundation now owns 237,383 shares of the company's stock worth $2,094,000 after buying an additional 213,448 shares during the last quarter. Finally, 1492 Capital Management LLC raised its stake in Zeta Global by 0.9% in the fourth quarter. 1492 Capital Management LLC now owns 491,950 shares of the company's stock valued at $4,339,000 after buying an additional 4,519 shares during the period. Institutional investors own 75.82% of the company's stock.

Wall Street Analyst Weigh In

ZETA has been the subject of several research analyst reports. Canaccord Genuity Group lifted their target price on Zeta Global from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, September 6th. Craig Hallum upped their price objective on shares of Zeta Global from $32.00 to $35.00 and gave the company a "buy" rating in a report on Friday, September 6th. Morgan Stanley downgraded shares of 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. DA Davidson upped their price target on shares of Zeta Global from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Monday. Finally, Truist Financial restated a "buy" rating and set a $30.00 price objective (up from $23.00) on shares of Zeta Global in a research report on Thursday, August 1st. One 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's stock. According to MarketBeat.com, Zeta Global has a consensus rating of "Buy" and an average price target of $30.17.

Zeta Global Price Performance

NASDAQ ZETA traded up $0.49 during midday trading on Monday, hitting $29.43. The company had a trading volume of 3,520,099 shares, compared to its average volume of 2,363,777. The company has a market capitalization of $6.44 billion, a PE ratio of -27.89 and a beta of 1.26. Zeta Global Holdings Corp. has a twelve month low of $7.38 and a twelve month high of $29.84. 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 firm has a 50-day moving average price of $23.96 and a 200-day moving average price of $17.68.

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 analysts' consensus estimates of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The company had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. During the same period last year, the firm earned ($0.32) EPS. The firm's revenue for the quarter was up 32.6% compared to the same quarter last year. As a group, analysts anticipate that Zeta Global Holdings Corp. will post -0.43 earnings per share for the current fiscal 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.