Bayesian Capital Management LP Buys 13,819 Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA)

Bayesian Capital Management LP raised its stake in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) by 78.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 31,502 shares of the company’s stock after purchasing an additional 13,819 shares during the period. Bayesian Capital Management LP’s holdings in Zeta Global were worth $344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Silvercrest Asset Management Group LLC increased its stake in shares of Zeta Global by 11.1% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,141,611 shares of the company’s stock worth $12,478,000 after purchasing an additional 113,674 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Zeta Global by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 91,195 shares of the company’s stock worth $997,000 after buying an additional 5,100 shares during the period. Lazard Asset Management LLC bought a new stake in Zeta Global during the first quarter valued at about $4,113,000. Clearbridge Investments LLC lifted its position in shares of Zeta Global by 2.6% in the first quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock valued at $33,125,000 after acquiring an additional 77,962 shares in the last quarter. Finally, Summit Creek Advisors LLC boosted its stake in shares of Zeta Global by 0.7% in the first quarter. Summit Creek Advisors LLC now owns 1,539,615 shares of the company’s stock worth $16,828,000 after acquiring an additional 9,987 shares during the period. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ZETA. Royal Bank of Canada started coverage on Zeta Global in a research note on Tuesday, June 25th. They set an “outperform” rating and a $20.00 target price on the stock. DA Davidson upped their target price on shares of Zeta Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. B. Riley boosted their price target on shares of Zeta Global from $18.50 to $24.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Bank of America raised their price objective on Zeta Global from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Finally, Oppenheimer boosted their target price on Zeta Global from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Zeta Global has an average rating of “Buy” and an average target price of $22.42.

Zeta Global Price Performance

ZETA stock opened at $21.44 on Thursday. 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 Holdings Corp. has a 12 month low of $7.24 and a 12 month high of $21.84. The stock has a market cap of $4.69 billion, a PE ratio of -20.23 and a beta of 1.23. The company has a 50-day moving average price of $17.71 and a 200 day moving average price of $13.70.

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