Rhumbline Advisers Boosts Stake in Zeta Global Holdings Corp. (NASDAQ:ZETA)

Rhumbline Advisers lifted its stake in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) by 22.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 229,432 shares of the company’s stock after acquiring an additional 41,688 shares during the quarter. Rhumbline Advisers owned approximately 0.10% of Zeta Global worth $4,049,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Halpern Financial Inc. increased its position in shares of Zeta Global by 18.6% during the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after acquiring an additional 830 shares during the period. Counterpoint Mutual Funds LLC increased its position in shares of Zeta Global by 9.4% during the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock worth $136,000 after acquiring an additional 1,065 shares during the period. Essex Investment Management Co. LLC increased its position in shares of Zeta Global by 0.5% during the first quarter. Essex Investment Management Co. LLC now owns 227,417 shares of the company’s stock worth $2,486,000 after acquiring an additional 1,233 shares during the period. ProShare Advisors LLC increased its position in shares of Zeta Global by 9.7% during the first quarter. ProShare Advisors LLC now owns 25,249 shares of the company’s stock worth $276,000 after acquiring an additional 2,236 shares during the period. Finally, Regal Investment Advisors LLC increased its position in shares of Zeta Global by 5.2% during the fourth quarter. Regal Investment Advisors LLC now owns 55,366 shares of the company’s stock worth $488,000 after acquiring an additional 2,748 shares during the period. 75.82% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Trading Down 1.0 %

NASDAQ:ZETA opened at $27.24 on Tuesday. Zeta Global Holdings Corp. has a 12 month low of $7.38 and a 12 month high of $27.73. The firm has a fifty day simple moving average of $23.08 and a 200-day simple moving average of $17.17. 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 company has a market capitalization of $5.96 billion, a P/E ratio of -25.70 and a beta of 1.26.

Zeta Global (NASDAQ:ZETA) last posted 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 return on equity of 79.03% and a negative net margin of 17.76%. The company had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. The company’s quarterly revenue was up 32.6% on a year-over-year basis. On average, equities research analysts anticipate that Zeta Global Holdings Corp. will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on ZETA shares. Royal Bank of Canada raised their target price on shares of Zeta Global from $23.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. DA Davidson reissued a “buy” rating and set a $30.00 price objective on shares of Zeta Global in a report on Tuesday, September 10th. B. Riley reissued a “buy” rating and set a $30.00 price objective (up from $24.00) on shares of Zeta Global in a report on Thursday, August 1st. Barclays lifted their price objective on shares of Zeta Global from $18.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Canaccord Genuity Group lifted their price objective on shares of Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 6th. One 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. According to data from MarketBeat.com, Zeta Global presently has a consensus rating of “Buy” and a consensus target price of $29.75.

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.