Principal Financial Group Inc. Has $392,000 Stock Position in Zeta Global Holdings Corp. (NASDAQ:ZETA)

Principal Financial Group Inc. grew its position in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) by 17.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,220 shares of the company’s stock after buying an additional 3,326 shares during the quarter. Principal Financial Group Inc.’s holdings in Zeta Global were worth $392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in ZETA. Halpern Financial Inc. raised its position in shares of Zeta Global by 18.6% in the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after purchasing an additional 830 shares during the period. SlateStone Wealth LLC acquired a new position in Zeta Global during the 1st quarter worth $135,000. Counterpoint Mutual Funds LLC grew its position in shares of Zeta Global by 9.4% in the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock valued at $136,000 after purchasing an additional 1,065 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Zeta Global during the 1st quarter worth about $153,000. Finally, Victory Capital Management Inc. boosted its stake in Zeta Global by 25.7% during the 4th quarter. Victory Capital Management Inc. now owns 20,167 shares of the company’s stock valued at $178,000 after purchasing an additional 4,128 shares during the period. Institutional investors own 75.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley lowered shares of Zeta Global from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $18.00 to $30.00 in a research report on Thursday, August 1st. DA Davidson restated a “buy” rating and set a $30.00 price target on shares of Zeta Global in a research report on Tuesday, September 10th. Needham & Company LLC lifted their price objective on Zeta Global from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Oppenheimer lifted their price target on Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Barclays raised their price objective on shares of Zeta Global from $18.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $29.75.

Zeta Global Stock Up 2.0 %

Shares of NASDAQ ZETA opened at $27.52 on Friday. 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 stock has a market capitalization of $6.05 billion, a PE ratio of -25.96 and a beta of 1.26. Zeta Global Holdings Corp. has a one year low of $7.38 and a one year high of $27.61. The business’s fifty day moving average price is $22.88 and its 200-day moving average price is $17.01.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) EPS 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 firm had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. During the same quarter last year, the company posted ($0.32) earnings per share. Zeta Global’s revenue for the quarter was up 32.6% compared to the same quarter last year. On average, equities research analysts anticipate that Zeta Global Holdings Corp. will post -0.43 EPS for the current 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.