Bleakley Financial Group LLC Invests $402,000 in Zeta Global Holdings Corp. (NYSE:ZETA)

Bleakley Financial Group LLC purchased a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,468 shares of the company’s stock, valued at approximately $402,000.

Other large investors also recently modified their holdings of the company. Juncture Wealth Strategies LLC raised its stake in shares of Zeta Global by 3.1% in the third quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock valued at $633,000 after purchasing an additional 634 shares in the last quarter. Essex Investment Management Co. LLC raised its stake in shares of Zeta Global by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock valued at $9,137,000 after purchasing an additional 856 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in shares of Zeta Global in the third quarter valued at $26,000. Amalgamated Bank raised its stake in shares of Zeta Global by 20.0% in 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, Counterpoint Mutual Funds LLC raised its stake in shares of Zeta Global by 9.4% in the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock valued at $136,000 after purchasing an additional 1,065 shares in the last quarter. 75.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on ZETA. Oppenheimer upped their target price on Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Truist Financial restated a “buy” rating and issued a $35.00 target price (up from $30.00) on shares of Zeta Global in a research note on Friday, September 27th. Roth Mkm upped their price target on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price target on shares of Zeta Global in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 price target on shares of Zeta Global in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.38.

Zeta Global Price Performance

Shares of ZETA stock opened at $26.40 on Wednesday. The stock’s fifty day moving average is $27.63 and its 200-day moving average is $20.57. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market capitalization of $5.78 billion, a PE ratio of -24.91 and a beta of 1.27. Zeta Global Holdings Corp. has a 52 week low of $7.38 and a 52 week high of $34.14.

Zeta Global (NYSE:ZETA) last announced its earnings results on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.26). The business had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. Zeta Global’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.32) EPS. Equities research analysts expect that Zeta Global Holdings Corp. will post -0.41 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.