Caxton Associates LP Purchases New Shares in Zeta Global Holdings Corp. (NYSE:ZETA)

Caxton Associates LP purchased a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 16,994 shares of the company’s stock, valued at approximately $300,000.

Other hedge funds also recently bought and sold shares of the company. Quest Partners LLC raised its stake in Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after purchasing an additional 2,183 shares in the last quarter. Halpern Financial Inc. raised its stake in Zeta Global by 18.6% during the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after purchasing an additional 830 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Zeta Global during the second quarter valued at $99,000. Amalgamated Bank raised its stake in Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Zeta Global in the second quarter valued at $105,000. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Zeta Global Trading Down 0.8 %

Shares of ZETA opened at $29.50 on Friday. Zeta Global Holdings Corp. has a 1-year low of $7.38 and a 1-year high of $32.11. The company has a 50-day moving average of $24.92 and a 200 day moving average of $18.25. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of -27.83 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.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data 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). The company had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.32) EPS. On average, research analysts expect that Zeta Global Holdings Corp. will post -0.43 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on ZETA. B. Riley restated a “buy” rating and issued a $30.00 target price (up previously from $24.00) on shares of Zeta Global in a report on Thursday, August 1st. Bank of America raised their target price on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday. Canaccord Genuity Group raised their target price on shares of Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Craig Hallum raised their target price on shares of Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Friday. Finally, Needham & Company LLC raised their target price on shares of Zeta Global from $28.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, September 9th. One equities research 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’s stock. Based on data from MarketBeat, Zeta Global currently has a consensus rating of “Buy” and an average price target of $32.50.

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.