First Eagle Investment Management LLC Acquires 35,170 Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA)

First Eagle Investment Management LLC raised its holdings in Zeta Global Holdings Corp. (NASDAQ:ZETA) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 982,567 shares of the company’s stock after buying an additional 35,170 shares during the period. First Eagle Investment Management LLC owned about 0.45% of Zeta Global worth $17,342,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Victory Capital Management Inc. raised its stake in Zeta Global by 25.7% in the 4th quarter. Victory Capital Management Inc. now owns 20,167 shares of the company’s stock valued at $178,000 after acquiring an additional 4,128 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Zeta Global by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,249,359 shares of the company’s stock valued at $11,019,000 after purchasing an additional 36,829 shares during the period. Trexquant Investment LP lifted its stake in shares of Zeta Global by 113.5% during the 4th quarter. Trexquant Investment LP now owns 156,980 shares of the company’s stock worth $1,385,000 after buying an additional 83,446 shares during the last quarter. George Kaiser Family Foundation boosted its holdings in shares of Zeta Global by 891.8% during the 4th quarter. George Kaiser Family Foundation now owns 237,383 shares of the company’s stock worth $2,094,000 after buying an additional 213,448 shares during the period. Finally, 1492 Capital Management LLC grew its stake in Zeta Global by 0.9% in the 4th quarter. 1492 Capital Management LLC now owns 491,950 shares of the company’s stock valued at $4,339,000 after buying an additional 4,519 shares during the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.

Zeta Global Stock Performance

NASDAQ ZETA opened at $27.58 on Thursday. The firm’s 50 day simple moving average is $23.51 and its 200 day simple moving average is $17.36. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of -26.02 and a beta of 1.26. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. Zeta Global Holdings Corp. has a 1 year low of $7.38 and a 1 year high of $28.17.

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 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 analyst estimates of $212.44 million. During the same period in the prior year, the business posted ($0.32) EPS. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year. As a group, research analysts expect that Zeta Global Holdings Corp. will post -0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ZETA shares. Craig Hallum boosted their price objective on Zeta Global from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, September 6th. B. Riley reaffirmed a “buy” rating and issued a $30.00 price objective (up from $24.00) on shares of Zeta Global in a report on Thursday, August 1st. Needham & Company LLC increased their price objective on Zeta Global from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Morgan Stanley cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $18.00 to $30.00 in a research report on Thursday, August 1st. Finally, Oppenheimer raised their price target on shares of Zeta Global from $20.00 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 given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Zeta Global presently has a consensus rating of “Buy” and a consensus 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.