Renaissance Technologies LLC Has $35.64 Million Holdings in Zeta Global Holdings Corp. (NASDAQ:ZETA)

Renaissance Technologies LLC increased its holdings in Zeta Global Holdings Corp. (NASDAQ:ZETA) by 85.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,019,000 shares of the company’s stock after purchasing an additional 929,800 shares during the period. Renaissance Technologies LLC owned approximately 0.92% of Zeta Global worth $35,635,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ZETA. Quest Partners LLC boosted its stake in shares of Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after acquiring an additional 2,183 shares in the last quarter. Halpern Financial Inc. boosted its position in 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 purchasing an additional 830 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Zeta Global during the second quarter worth approximately $105,000. SlateStone Wealth LLC acquired a new position in Zeta Global during the first quarter valued at approximately $135,000. Finally, Counterpoint Mutual Funds LLC raised 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 period. 75.82% of the stock is owned by institutional investors and hedge funds.

Zeta Global Stock Up 0.5 %

ZETA opened at $27.58 on Thursday. The company has a market capitalization of $6.07 billion, a P/E ratio of -26.02 and a beta of 1.26. 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 firm’s fifty day moving average price is $23.51 and its two-hundred day moving average price is $17.36. Zeta Global Holdings Corp. has a fifty-two week low of $7.38 and a fifty-two week 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 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 business had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. During the same quarter last year, the firm posted ($0.32) earnings per share. Zeta Global’s revenue was up 32.6% on a year-over-year basis. On average, analysts anticipate that Zeta Global Holdings Corp. will post -0.43 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ZETA. Truist Financial reaffirmed a “buy” rating and set a $30.00 price objective (up from $23.00) on shares of Zeta Global in a report on Thursday, August 1st. Barclays raised their price target on Zeta Global from $18.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their price objective on Zeta Global from $23.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Needham & Company LLC increased their target price on Zeta Global from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Finally, Craig Hallum lifted their price target on Zeta Global from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $29.75.

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.