Clearbridge Investments LLC Buys 77,962 Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA)

Clearbridge Investments LLC raised its stake in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) by 2.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 3,030,639 shares of the company’s stock after purchasing an additional 77,962 shares during the quarter. Clearbridge Investments LLC’s holdings in Zeta Global were worth $33,125,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Halpern Financial Inc. lifted its stake in Zeta Global by 18.6% during the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after acquiring an additional 830 shares during the period. Optas LLC bought a new position in Zeta Global during the 4th quarter valued at about $88,000. Blue Trust Inc. lifted its stake in Zeta Global by 22.8% during the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after acquiring an additional 2,037 shares during the period. Counterpoint Mutual Funds LLC bought a new position in Zeta Global during the 4th quarter valued at about $100,000. Finally, SlateStone Wealth LLC bought a new position in Zeta Global during the 1st quarter valued at about $135,000. Institutional investors own 75.82% of the company’s stock.

Zeta Global Stock Performance

Zeta Global stock traded up $0.45 during midday trading on Tuesday, hitting $21.49. The stock had a trading volume of 3,314,296 shares, compared to its average volume of 2,016,673. The firm’s fifty day moving average is $17.33 and its two-hundred day moving average is $13.24. The company has a market capitalization of $4.70 billion, a PE ratio of -20.27 and a beta of 1.23. Zeta Global Holdings Corp. has a 52-week low of $7.24 and a 52-week high of $21.64. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.96.

Zeta Global (NASDAQ:ZETA) last released its earnings results on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.02. The company had revenue of $195.00 million during the quarter, compared to analyst estimates of $187.16 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 101.48%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.38) EPS. On average, research analysts forecast that Zeta Global Holdings Corp. will post -0.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ZETA shares. Barclays increased their price objective on shares of Zeta Global from $15.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Needham & Company LLC increased their price objective on shares of Zeta Global from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. DA Davidson increased their price objective on shares of Zeta Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Canaccord Genuity Group increased their price objective on shares of Zeta Global from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Finally, B. Riley increased their price objective on shares of Zeta Global from $18.50 to $24.00 and gave the stock a “buy” rating in a research note on Friday. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $21.42.

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.