Stephens Investment Management Group LLC Purchases New Shares in Zeta Global Holdings Corp. (NYSE:ZETA)

Stephens Investment Management Group LLC acquired a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 257,327 shares of the company’s stock, valued at approximately $7,676,000.

Other institutional investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC bought a new position in Zeta Global in the 3rd quarter valued at $26,000. Quest Partners LLC grew its stake in shares of Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after acquiring an additional 2,183 shares during the period. CWM LLC boosted its stake in Zeta Global by 1,682.3% in the 3rd quarter. CWM LLC now owns 5,240 shares of the company’s stock worth $156,000 after purchasing an additional 4,946 shares during the period. Point72 Hong Kong Ltd bought a new position in Zeta Global in the 2nd quarter worth about $99,000. Finally, Amalgamated Bank boosted its stake in Zeta Global by 20.0% in the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after purchasing an additional 948 shares during the period. Institutional investors own 75.82% of the company’s stock.

Zeta Global Stock Performance

Shares of ZETA opened at $27.90 on Friday. The stock has a 50-day moving average of $28.19 and a two-hundred day moving average of $21.40. 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 Holdings Corp. has a one year low of $7.63 and a one year high of $34.14.

Zeta Global (NYSE:ZETA) last released its quarterly 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). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The business had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. During the same period in the previous year, the company posted ($0.32) EPS. The business’s revenue for the quarter was up 32.6% compared to the same quarter last year. On average, research analysts forecast that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Barclays cut Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 price target on the stock. in a report on Friday, October 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 price objective on shares of Zeta Global in a research report on Wednesday, October 9th. Bank of America lifted their price objective on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Oppenheimer lifted their price target on Zeta Global from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Canaccord Genuity Group lifted their price objective on Zeta Global from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Zeta Global presently has an average rating of “Buy” and an average price target of $35.69.

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.