Cubist Systematic Strategies LLC Has $7.02 Million Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

Cubist Systematic Strategies LLC grew its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 147.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 397,886 shares of the company's stock after buying an additional 237,363 shares during the quarter. Cubist Systematic Strategies LLC owned 0.18% of Zeta Global worth $7,023,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital World Investors bought a new position in Zeta Global during the 4th quarter valued at $23,560,000. Ophir Asset Management Pty Ltd bought a new stake in shares of Zeta Global in the 4th quarter worth about $19,682,000. William Blair Investment Management LLC acquired a new stake in shares of Zeta Global in the 2nd quarter valued at about $28,698,000. Granahan Investment Management LLC lifted its position in shares of Zeta Global by 15.3% during the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company's stock worth $71,554,000 after purchasing an additional 1,076,208 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Zeta Global by 85.4% in the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company's stock worth $35,635,000 after purchasing an additional 929,800 shares in the last quarter. Institutional investors and hedge funds own 75.82% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on ZETA shares. Oppenheimer upped their target price on shares of Zeta Global from $20.00 to $29.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. Truist Financial reiterated a "buy" rating and set a $35.00 price target (up previously from $30.00) on shares of Zeta Global in a research report on Friday. Bank of America lifted their price objective on shares of Zeta Global from $30.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday. Barclays boosted their price target on shares of Zeta Global from $18.00 to $28.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Finally, Craig Hallum increased their price objective on shares of Zeta Global from $35.00 to $37.00 and gave the company a "buy" rating in a report on Friday. 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $32.50.

Zeta Global Stock Performance

Zeta Global stock traded down $0.24 during mid-day trading on Friday, reaching $29.51. The company had a trading volume of 2,208,142 shares, compared to its average volume of 2,389,828. The company has a 50 day moving average of $24.74 and a 200-day moving average of $18.12. Zeta Global Holdings Corp. has a 52 week low of $7.38 and a 52 week high of $32.11. 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 market cap of $6.49 billion, a price-to-earnings ratio of -27.87 and a beta of 1.26.

Zeta Global (NYSE:ZETA - Get Free Report) last released 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). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The firm 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) earnings per share. The firm's quarterly revenue was up 32.6% compared to the same quarter last year. On average, sell-side analysts expect that Zeta Global Holdings Corp. will post -0.43 EPS for the current fiscal year.

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.