383,762 Shares in Zeta Global Holdings Corp. (NASDAQ:ZETA) Acquired by Federated Hermes Inc.

Federated Hermes Inc. purchased a new position in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 383,762 shares of the company’s stock, valued at approximately $6,773,000. Federated Hermes Inc. owned about 0.18% of Zeta Global as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of ZETA. Praesidium Investment Management Company LLC increased its position in Zeta Global by 1,549.5% during the fourth quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock worth $54,519,000 after purchasing an additional 5,806,578 shares during the last quarter. Capital World Investors purchased a new stake in Zeta Global during the fourth quarter worth approximately $23,560,000. Ophir Asset Management Pty Ltd purchased a new stake in Zeta Global during the fourth quarter worth approximately $19,682,000. Granahan Investment Management LLC grew its stake in Zeta Global by 15.3% during the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock worth $71,554,000 after buying an additional 1,076,208 shares during the period. Finally, Scalar Gauge Management LLC purchased a new stake in Zeta Global during the fourth quarter worth approximately $6,411,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

Zeta Global Stock Up 0.8 %

Shares of NASDAQ:ZETA opened at $27.44 on Wednesday. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of -25.89 and a beta of 1.26. Zeta Global Holdings Corp. has a 1-year low of $7.38 and a 1-year high of $27.73. The company’s fifty day moving average is $23.29 and its two-hundred day moving average is $17.29. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98.

Zeta Global (NASDAQ:ZETA) last issued 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 analyst estimates of $212.44 million. During the same period last year, the company posted ($0.32) earnings per share. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. Equities analysts anticipate that Zeta Global Holdings Corp. will post -0.43 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ZETA shares. Truist Financial reiterated a “buy” rating and set a $30.00 price objective (up from $23.00) 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 upped their target price for the company from $18.00 to $30.00 in a research note on Thursday, August 1st. Craig Hallum upped their target price on shares of Zeta Global from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Needham & Company LLC upped their target price on shares of Zeta Global from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Finally, Bank of America upped their price target on shares of Zeta Global from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, June 24th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target 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.