Panagora Asset Management Inc. Makes New Investment in Zeta Global Holdings Corp. (NASDAQ:ZETA)

Panagora Asset Management Inc. acquired a new stake in Zeta Global Holdings Corp. (NASDAQ:ZETA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 26,218 shares of the company’s stock, valued at approximately $463,000.

A number of other institutional investors have also made changes to their positions in the business. George Kaiser Family Foundation increased its stake in Zeta Global by 891.8% in the 4th quarter. George Kaiser Family Foundation now owns 237,383 shares of the company’s stock valued at $2,094,000 after buying an additional 213,448 shares during the last quarter. Vanguard Group Inc. raised its holdings in Zeta Global by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock worth $143,647,000 after acquiring an additional 370,912 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Zeta Global by 99.3% during 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 last quarter. Lazard Asset Management LLC bought a new position in Zeta Global in the first quarter valued at approximately $4,113,000. Finally, Scalar Gauge Management LLC acquired a new position in shares of Zeta Global during the 4th quarter worth approximately $6,411,000. Institutional investors own 75.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Craig Hallum increased their price objective on Zeta Global from $22.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Canaccord Genuity Group raised shares of Zeta Global to a “strong-buy” rating in a research report on Tuesday, May 7th. B. Riley restated a “buy” rating and set a $30.00 price objective (up from $24.00) on shares of Zeta Global in a research note on Thursday, August 1st. Morgan Stanley downgraded shares of Zeta Global from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $18.00 to $30.00 in a research note on Thursday, August 1st. Finally, Royal Bank of Canada boosted their price target on Zeta Global from $23.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. One 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 stock. Based on data from MarketBeat.com, Zeta Global has an average rating of “Buy” and an average target price of $28.00.

Zeta Global Stock Performance

ZETA opened at $25.57 on Wednesday. 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 business has a fifty day simple moving average of $21.50 and a 200 day simple moving average of $16.17. Zeta Global Holdings Corp. has a 1 year low of $7.38 and a 1 year high of $26.45. The company has a market capitalization of $5.62 billion, a PE ratio of -24.12 and a beta of 1.26.

Zeta Global (NASDAQ:ZETA) last announced its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. During the same period in the previous year, the firm posted ($0.32) EPS. The company’s revenue was up 32.6% compared to the same quarter last year. Research analysts expect that Zeta Global Holdings Corp. will post -0.43 EPS for the current year.

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.