XTX Topco Ltd Buys New Stake in Zeta Global Holdings Corp. (NASDAQ:ZETA)

XTX Topco Ltd acquired a new stake in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,656 shares of the company's stock, valued at approximately $435,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Zeta Global by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company's stock valued at $143,647,000 after acquiring an additional 370,912 shares during the period. Russell Investments Group Ltd. grew its holdings in Zeta Global by 99.3% in the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company's stock valued at $6,062,000 after purchasing an additional 276,294 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Zeta Global in the first quarter valued at approximately $4,113,000. Scalar Gauge Management LLC acquired a new position in shares of Zeta Global during the 4th quarter worth approximately $6,411,000. Finally, Granahan Investment Management LLC lifted its position in shares of Zeta Global by 15.3% during the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company's stock valued at $71,554,000 after buying an additional 1,076,208 shares in the last quarter. 75.82% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Trading Up 0.4 %

Shares of Zeta Global stock traded up $0.12 during mid-day trading on Thursday, hitting $29.75. The stock had a trading volume of 4,059,145 shares, compared to its average volume of 2,389,714. The firm has a market cap of $6.54 billion, a P/E ratio of -28.34 and a beta of 1.26. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average of $24.55 and a two-hundred day moving average of $18.03. Zeta Global Holdings Corp. has a 12-month low of $7.38 and a 12-month high of $32.11.

Zeta Global (NASDAQ:ZETA - Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) 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 business had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. During the same period last year, the business earned ($0.32) EPS. Zeta Global's revenue was up 32.6% compared to the same quarter last year. Sell-side analysts forecast that Zeta Global Holdings Corp. will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on ZETA shares. Needham & Company LLC boosted their price target on shares of Zeta Global from $28.00 to $33.00 and gave the stock a "buy" rating in a report on Monday, September 9th. Canaccord Genuity Group upped their price target on shares of Zeta Global from $28.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, September 6th. Royal Bank of Canada lifted their price objective on Zeta Global from $23.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. Barclays increased their target price on Zeta Global from $18.00 to $28.00 and gave the company an "overweight" rating in a report on Thursday, August 1st. Finally, Bank of America lifted their price target on Zeta Global from $30.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday. One equities 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 stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $31.50.

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.