First Bank & Trust Takes $304,000 Position in Zeta Global Holdings Corp. (NYSE:ZETA)

First Bank & Trust bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,193 shares of the company’s stock, valued at approximately $304,000.

A number of other hedge funds also recently added to or reduced their stakes in ZETA. D. E. Shaw & Co. Inc. raised its position in Zeta Global by 1,444.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock valued at $32,610,000 after purchasing an additional 1,728,005 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Zeta Global in the second quarter valued at approximately $28,698,000. Renaissance Technologies LLC lifted its stake in Zeta Global by 85.4% in the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock worth $35,635,000 after acquiring an additional 929,800 shares during the last quarter. Millennium Management LLC grew its holdings in Zeta Global by 358.3% during the 2nd quarter. Millennium Management LLC now owns 1,189,295 shares of the company’s stock worth $20,991,000 after acquiring an additional 929,792 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Zeta Global in the 2nd quarter valued at approximately $9,783,000. 75.82% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Stock Performance

NYSE:ZETA opened at $26.76 on Friday. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of -25.25 and a beta of 1.27. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. Zeta Global Holdings Corp. has a 1-year low of $7.38 and a 1-year high of $34.14. The firm’s fifty day moving average price is $27.81 and its 200 day moving average price is $20.91.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). The company had revenue of $227.80 million during the quarter, compared to analysts’ expectations of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The business’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.32) EPS. On average, sell-side analysts expect that Zeta Global Holdings Corp. will post -0.41 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Truist Financial reiterated a “buy” rating and set a $35.00 target price (up previously from $30.00) on shares of Zeta Global in a research note on Friday, September 27th. Barclays cut Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 price objective for the company. in a research report on Friday, October 18th. Royal Bank of Canada reissued an “outperform” rating and set a $34.00 target price on shares of Zeta Global in a research report on Wednesday, October 9th. Canaccord Genuity Group boosted their target price on Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, KeyCorp initiated coverage on shares of Zeta Global in a research note on Tuesday, October 22nd. They issued an “overweight” rating and a $40.00 price target on the stock. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $35.69.

Zeta Global 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.