Cwm LLC Has $156,000 Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Cwm LLC lifted its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 1,682.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,240 shares of the company’s stock after buying an additional 4,946 shares during the quarter. Cwm LLC’s holdings in Zeta Global were worth $156,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ZETA. Quest Partners LLC boosted its position 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 valued at $41,000 after purchasing an additional 2,183 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Zeta Global during the 2nd quarter worth approximately $99,000. Amalgamated Bank increased its stake in shares of Zeta Global by 20.0% in the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after acquiring an additional 948 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Zeta Global during the 2nd quarter valued at $105,000. Finally, Entropy Technologies LP bought a new position in Zeta Global during the first quarter worth $153,000. Institutional investors own 75.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. B. Riley lifted their price target on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $34.00 target price on shares of Zeta Global in a research report on Wednesday, October 9th. Truist Financial reiterated a “buy” rating and issued a $35.00 price target (up previously from $30.00) on shares of Zeta Global in a report on Friday, September 27th. Craig Hallum boosted their price objective on Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Bank of America increased their target price on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $35.38.

Zeta Global Stock Performance

ZETA stock opened at $26.08 on Thursday. 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 $34.14. The company has a market cap of $5.71 billion, a P/E ratio of -24.60 and a beta of 1.27. The stock’s fifty day moving average price is $27.68 and its 200-day moving average price is $20.67.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data 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 business had revenue of $227.80 million during the quarter, compared to analysts’ expectations of $212.44 million. During the same period in the previous year, the business posted ($0.32) EPS. The business’s quarterly revenue was up 32.6% compared to the same quarter last year. On average, equities analysts forecast that Zeta Global Holdings Corp. will post -0.41 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.