Axiom Investors LLC DE trimmed its position in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA – Free Report) by 7.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 301,400 shares of the company’s stock after selling 25,655 shares during the period. Axiom Investors LLC DE’s holdings in Zeta Global were worth $2,574,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Zeta Global by 32.5% during the 3rd quarter. Vanguard Group Inc. now owns 11,838,734 shares of the company’s stock worth $78,255,000 after acquiring an additional 2,903,008 shares in the last quarter. BlackRock Inc. lifted its position in shares of Zeta Global by 275.1% during the third quarter. BlackRock Inc. now owns 7,128,030 shares of the company’s stock worth $47,117,000 after purchasing an additional 5,227,902 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Zeta Global by 0.9% in the first quarter. Clearbridge Investments LLC now owns 2,950,807 shares of the company’s stock valued at $31,957,000 after purchasing an additional 27,171 shares during the period. State Street Corp grew its holdings in shares of Zeta Global by 5.2% in the first quarter. State Street Corp now owns 2,497,571 shares of the company’s stock valued at $27,049,000 after purchasing an additional 123,946 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Zeta Global by 3.9% during the 1st quarter. Geode Capital Management LLC now owns 2,113,469 shares of the company’s stock worth $22,889,000 after buying an additional 79,261 shares during the period. 41.77% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have commented on ZETA. William Blair reissued an “outperform” rating on shares of Zeta Global in a research report on Tuesday, November 14th. Barclays lifted their target price on Zeta Global from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Thursday, September 28th. Morgan Stanley cut their price target on Zeta Global from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price objective on shares of Zeta Global in a research note on Monday, October 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.50.
Zeta Global Stock Performance
NASDAQ:ZETA opened at $8.58 on Tuesday. The firm has a market capitalization of $1.84 billion, a PE ratio of -6.36 and a beta of 1.27. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.66 and a quick ratio of 1.66. The business’s fifty day moving average price is $8.20 and its 200 day moving average price is $8.37. Zeta Global Holdings Corp. has a 12 month low of $7.24 and a 12 month high of $11.28.
Zeta Global (NASDAQ:ZETA – Get Free Report) last issued its earnings results on Wednesday, November 1st. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.36). The business had revenue of $189.00 million for the quarter, compared to analyst estimates of $178.89 million. Zeta Global had a negative return on equity of 147.58% and a negative net margin of 29.41%. Zeta Global’s revenue was up 24.3% on a year-over-year basis. During the same period last year, the business posted ($0.50) EPS. On average, sell-side analysts anticipate that Zeta Global Holdings Corp. will post -1.16 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, SVP Satish Ravella sold 5,614 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $7.70, for a total value of $43,227.80. Following the completion of the transaction, the senior vice president now owns 234,120 shares in the company, valued at approximately $1,802,724. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders have sold 14,593 shares of company stock valued at $121,162. 36.14% of the stock is owned by corporate insiders.
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.
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