Zeta Global Holdings Corp. (NYSE:ZETA) Position Boosted by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 3,885.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,395 shares of the company’s stock after purchasing an additional 1,360 shares during the quarter. Farther Finance Advisors LLC’s holdings in Zeta Global were worth $42,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in Zeta Global by 9.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 38,732 shares of the company’s stock worth $423,000 after purchasing an additional 3,295 shares in the last quarter. Swiss National Bank increased its position in shares of Zeta Global by 1.3% in the first quarter. Swiss National Bank now owns 309,600 shares of the company’s stock worth $3,384,000 after acquiring an additional 4,000 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Zeta Global by 99.3% during the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock valued at $6,062,000 after acquiring an additional 276,294 shares during the period. ProShare Advisors LLC lifted its position in shares of Zeta Global by 9.7% in the 1st quarter. ProShare Advisors LLC now owns 25,249 shares of the company’s stock valued at $276,000 after acquiring an additional 2,236 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in Zeta Global in the 1st quarter worth approximately $153,000. 75.82% of the stock is owned by institutional investors and hedge funds.

Zeta Global Stock Performance

ZETA stock opened at $17.39 on Friday. The firm has a 50 day moving average of $28.72 and a two-hundred day moving average of $22.44. Zeta Global Holdings Corp. has a 12 month low of $7.65 and a 12 month high of $38.20. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of -24.84 and a beta of 1.29. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. The business had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. During the same quarter in the prior year, the company posted ($0.27) earnings per share. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. As a group, equities analysts anticipate that Zeta Global Holdings Corp. will post -0.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday. Canaccord Genuity Group lifted their price target on Zeta Global from $35.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley increased their price objective on Zeta Global from $30.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Roth Mkm lifted their target price on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, Barclays upped their target price on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.23.

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.