Zeta Global Holdings Corp. (NASDAQ:ZETA) Stake Lifted by Bwcp LP

Bwcp LP lifted its holdings in Zeta Global Holdings Corp. (NASDAQ:ZETA - Free Report) by 6.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,805,867 shares of the company's stock after buying an additional 106,034 shares during the quarter. Zeta Global accounts for 8.0% of Bwcp LP's portfolio, making the stock its biggest holding. Bwcp LP owned 0.83% of Zeta Global worth $31,874,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Halpern Financial Inc. increased its holdings in 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. Amalgamated Bank grew its stake in Zeta Global by 20.0% in the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company's stock valued at $100,000 after acquiring an additional 948 shares during the last quarter. Counterpoint Mutual Funds LLC increased its holdings in Zeta Global by 9.4% during the 1st 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 in the last quarter. Essex Investment Management Co. LLC raised its position in Zeta Global by 0.5% during the first quarter. Essex Investment Management Co. LLC now owns 227,417 shares of the company's stock worth $2,486,000 after acquiring an additional 1,233 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Zeta Global by 4.6% in the second quarter. Arizona State Retirement System now owns 45,060 shares of the company's stock valued at $795,000 after purchasing an additional 1,980 shares in the last quarter. Institutional investors and hedge funds own 75.82% of the company's stock.

Zeta Global Price Performance

NASDAQ:ZETA traded down $0.61 during trading hours on Wednesday, reaching $29.63. 3,096,102 shares of the company were exchanged, compared to its average volume of 2,375,159. The stock has a 50 day simple moving average of $24.36 and a 200 day simple moving average of $17.95. Zeta Global Holdings Corp. has a 52-week low of $7.38 and a 52-week high of $30.47. 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 (NASDAQ:ZETA - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.26). The firm had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. Zeta Global's revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.32) EPS. As a group, research analysts anticipate that Zeta Global Holdings Corp. will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ZETA. Craig Hallum raised their price objective on shares of Zeta Global from $32.00 to $35.00 and gave the stock a "buy" rating in a research note on Friday, September 6th. Oppenheimer raised their price target on Zeta Global from $20.00 to $29.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. DA Davidson upped their price objective on Zeta Global from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Monday. B. Riley reiterated a "buy" rating and set a $30.00 price objective (up previously from $24.00) on shares of Zeta Global in a research report on Thursday, August 1st. Finally, Bank of America upped their target price on shares of Zeta Global from $18.00 to $20.00 and gave the company a "buy" rating in a report on Monday, June 24th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $30.17.

Zeta Global Company 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.