State of New Jersey Common Pension Fund D Invests $1.92 Million in Zeta Global Holdings Corp. (NASDAQ:ZETA)

State of New Jersey Common Pension Fund D 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 13F filing with the Securities and Exchange Commission. The institutional investor purchased 108,573 shares of the company’s stock, valued at approximately $1,916,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its position in shares of Zeta Global by 25.7% in the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Zeta Global by 3.0% in the 4th 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 last quarter. Trexquant Investment LP lifted its holdings in Zeta Global by 113.5% in the 4th quarter. Trexquant Investment LP now owns 156,980 shares of the company’s stock valued at $1,385,000 after purchasing an additional 83,446 shares in the last quarter. George Kaiser Family Foundation boosted its stake in 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 purchasing an additional 213,448 shares during the last quarter. Finally, 1492 Capital Management LLC grew its holdings in shares of Zeta Global by 0.9% during the fourth quarter. 1492 Capital Management LLC now owns 491,950 shares of the company’s stock worth $4,339,000 after buying an additional 4,519 shares in the last quarter. 75.82% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Trading Up 1.9 %

Shares of ZETA stock opened at $28.94 on Friday. The company has a 50-day moving average of $23.96 and a two-hundred day moving average of $17.57. The firm has a market cap of $6.33 billion, a PE ratio of -27.30 and a beta of 1.26. Zeta Global Holdings Corp. has a 1-year low of $7.38 and a 1-year high of $29.28. 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 (NASDAQ:ZETA) last posted 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 company had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. During the same quarter last year, the business posted ($0.32) EPS. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. On average, analysts predict that Zeta Global Holdings Corp. will post -0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ZETA shares. Bank of America raised their price target on shares of Zeta Global from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Needham & Company LLC boosted their target price on Zeta Global from $28.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, September 9th. DA Davidson reaffirmed a “buy” rating and issued a $30.00 price target on shares of Zeta Global in a report on Tuesday, September 10th. 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 note on Thursday, August 1st. Finally, Oppenheimer raised their target price on Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Zeta Global has an average rating of “Buy” and a consensus target price of $29.75.

Zeta Global 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.