Riggs Asset Managment Co. Inc. Increases Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

Riggs Asset Managment Co. Inc. raised its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 142.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,999 shares of the company's stock after buying an additional 44,596 shares during the period. Riggs Asset Managment Co. Inc.'s holdings in Zeta Global were worth $2,267,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC purchased a new position in shares of Zeta Global during the third quarter valued at approximately $26,000. Quest Partners LLC increased its position in Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company's stock valued at $41,000 after purchasing an additional 2,183 shares during the period. Point72 Hong Kong Ltd bought a new position in Zeta Global in the 2nd quarter worth $99,000. Amalgamated Bank lifted its position in shares of Zeta Global by 20.0% in the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company's stock worth $100,000 after purchasing an additional 948 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Zeta Global during the 2nd quarter valued at about $105,000. Institutional investors own 75.82% of the company's stock.

Analysts Set New Price Targets

ZETA has been the subject of several research analyst reports. DA Davidson raised their price objective on shares of Zeta Global from $35.00 to $39.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Barclays downgraded Zeta Global from an "overweight" rating to an "equal weight" rating and set a $28.00 price objective for the company. in a report on Friday, October 18th. Truist Financial reaffirmed a "buy" rating and issued a $35.00 target price (up from $30.00) on shares of Zeta Global in a research report on Friday, September 27th. Craig Hallum lifted their price target on shares of Zeta Global from $35.00 to $37.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Finally, Canaccord Genuity Group upped their price objective on shares of Zeta Global from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $35.69.

Zeta Global Stock Performance

NYSE ZETA traded up $0.29 during trading hours on Monday, hitting $27.05. The company's stock had a trading volume of 2,827,789 shares, compared to its average volume of 2,502,671. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. The company has a market cap of $5.95 billion, a P/E ratio of -30.74 and a beta of 1.27. The company's 50 day simple moving average is $27.86 and its two-hundred day simple moving average is $21.07. Zeta Global Holdings Corp. has a 12 month low of $7.38 and a 12 month high of $34.14.

Zeta Global (NYSE:ZETA - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $212.44 million. During the same period in the previous year, the firm earned ($0.32) earnings per share. The firm's revenue for the quarter was up 32.6% on a year-over-year basis. As a group, sell-side analysts expect that Zeta Global Holdings Corp. will post -0.45 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.