Arizona State Retirement System Purchases 1,980 Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA)

Arizona State Retirement System increased its position in Zeta Global Holdings Corp. (NASDAQ:ZETA) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,060 shares of the company’s stock after purchasing an additional 1,980 shares during the quarter. Arizona State Retirement System’s holdings in Zeta Global were worth $795,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Praesidium Investment Management Company LLC grew its position in shares of Zeta Global by 1,549.5% during the 4th quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock worth $54,519,000 after buying an additional 5,806,578 shares during the period. Capital World Investors bought a new position in shares of Zeta Global in the 4th quarter worth $23,560,000. Ophir Asset Management Pty Ltd acquired a new stake in shares of Zeta Global during the fourth quarter worth $19,682,000. Massachusetts Financial Services Co. MA bought a new stake in Zeta Global in the fourth quarter valued at about $18,664,000. Finally, Granahan Investment Management LLC lifted its stake in Zeta Global by 15.3% in the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after buying an additional 1,076,208 shares during the period. 75.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

ZETA has been the subject of a number of recent analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $30.00 price target (up from $23.00) on shares of Zeta Global in a research note on Thursday, August 1st. Oppenheimer boosted their price target on shares of Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Canaccord Genuity Group raised their price objective on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Royal Bank of Canada increased their price target on Zeta Global from $23.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Roth Mkm lifted their price objective on Zeta Global from $21.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. 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 MarketBeat.com, Zeta Global currently has a consensus rating of “Buy” and an average target price of $29.75.

Zeta Global Price Performance

Shares of ZETA opened at $27.52 on Friday. The company has a 50 day moving average of $22.88 and a 200-day moving average of $17.01. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $6.05 billion, a P/E ratio of -25.96 and a beta of 1.26. Zeta Global Holdings Corp. has a twelve month low of $7.38 and a twelve month high of $27.61.

Zeta Global (NASDAQ:ZETA) last released its earnings results 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 business had revenue of $227.80 million during 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 firm’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period last year, the business posted ($0.32) EPS. As a group, equities research analysts forecast that Zeta Global Holdings Corp. will post -0.43 EPS for the current fiscal year.

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.