DekaBank Deutsche Girozentrale Makes New $105,000 Investment in Zeta Global Holdings Corp. (NASDAQ:ZETA)

DekaBank Deutsche Girozentrale purchased a new stake in Zeta Global Holdings Corp. (NASDAQ:ZETA) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,110 shares of the company’s stock, valued at approximately $105,000.

Other large investors have also recently made changes to their positions in the company. George Kaiser Family Foundation boosted its holdings in Zeta Global by 891.8% during the 4th quarter. George Kaiser Family Foundation now owns 237,383 shares of the company’s stock valued at $2,094,000 after acquiring an additional 213,448 shares during the period. Vanguard Group Inc. boosted its stake in shares of Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock valued at $143,647,000 after purchasing an additional 370,912 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Zeta Global by 99.3% in the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock valued at $6,062,000 after purchasing an additional 276,294 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Zeta Global during the 1st quarter worth approximately $4,113,000. Finally, Scalar Gauge Management LLC acquired a new stake in Zeta Global during the 4th quarter worth approximately $6,411,000. 75.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Craig Hallum upped their price objective on Zeta Global from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Morgan Stanley lowered Zeta Global from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $18.00 to $30.00 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 research report on Tuesday, September 10th. Truist Financial reaffirmed a “buy” rating and issued a $30.00 target price (up previously from $23.00) on shares of Zeta Global in a report on Thursday, August 1st. Finally, B. Riley reiterated a “buy” rating and set a $30.00 price target (up previously from $24.00) on shares of Zeta Global in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. 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 Performance

NASDAQ ZETA opened at $28.94 on Friday. The company has a fifty day moving average of $23.96 and a two-hundred day moving average of $17.57. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. Zeta Global Holdings Corp. has a 1 year low of $7.38 and a 1 year high of $29.28. The company has a market capitalization of $6.33 billion, a PE ratio of -27.30 and a beta of 1.26.

Zeta Global (NASDAQ:ZETA) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) 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 firm had revenue of $227.80 million for the quarter, compared to analysts’ expectations of $212.44 million. During the same quarter in the prior year, the business earned ($0.32) EPS. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. As a group, analysts expect that Zeta Global Holdings Corp. will post -0.43 earnings per share for the current year.

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.