Harbour Capital Advisors LLC Takes $769,000 Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Harbour Capital Advisors LLC bought a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 23,200 shares of the company's stock, valued at approximately $769,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ZETA. Wolff Wiese Magana LLC bought a new position in shares of Zeta Global in the 3rd quarter valued at about $26,000. Quest Partners LLC grew its position in shares of Zeta Global by 1,718.9% in the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company's stock valued at $41,000 after acquiring an additional 2,183 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Zeta Global in the 2nd quarter valued at about $99,000. Amalgamated Bank boosted its holdings in shares of Zeta Global by 20.0% during the 2nd 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. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Zeta Global during the 2nd quarter worth about $105,000. Institutional investors own 75.82% of the company's stock.

Zeta Global Trading Down 7.0 %

ZETA traded down $2.09 during trading on Friday, reaching $27.91. 6,743,680 shares of the company's stock were exchanged, compared to its average volume of 2,473,682. Zeta Global Holdings Corp. has a one year low of $7.38 and a one year high of $34.14. 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 stock has a market capitalization of $6.11 billion, a PE ratio of -26.40 and a beta of 1.27. The firm has a fifty day moving average price of $27.47 and a two-hundred day moving average price of $20.20.

Zeta Global (NYSE:ZETA - Get Free Report) last posted 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 business had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. During the same period in the previous year, the firm earned ($0.32) earnings per share. The company's revenue was up 32.6% compared to the same quarter last year. As a group, equities research analysts forecast that Zeta Global Holdings Corp. will post -0.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on ZETA shares. 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. Truist Financial reiterated a "buy" rating and issued a $35.00 price objective (up previously from $30.00) on shares of Zeta Global in a research note on Friday, September 27th. Barclays cut shares of Zeta Global from an "overweight" rating to an "equal weight" rating and set a $28.00 price objective for the company. in a research note on Friday. B. Riley lifted their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Finally, Bank of America lifted their price objective on shares of Zeta Global from $30.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

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.