Zeta Global Holdings Corp. $ZETA Shares Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC increased its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 8.6% in the fourth quarter, Holdings Channel reports. The firm owned 1,517,433 shares of the company’s stock after buying an additional 120,636 shares during the period. William Blair Investment Management LLC’s holdings in Zeta Global were worth $30,880,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZETA. Cornerstone Planning Group LLC grew its position in Zeta Global by 3,150.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock valued at $26,000 after acquiring an additional 1,260 shares in the last quarter. Binnacle Investments Inc acquired a new position in Zeta Global in the 3rd quarter valued at about $30,000. United Community Bank acquired a new position in Zeta Global in the 4th quarter valued at about $31,000. National Bank of Canada FI grew its position in Zeta Global by 223.1% in the 3rd quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock valued at $36,000 after acquiring an additional 1,267 shares in the last quarter. Finally, Optiver Holding B.V. grew its position in Zeta Global by 97.1% in the 3rd quarter. Optiver Holding B.V. now owns 2,940 shares of the company’s stock valued at $58,000 after acquiring an additional 1,448 shares in the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZETA has been the subject of several research reports. B. Riley Financial reaffirmed a “buy” rating on shares of Zeta Global in a research report on Friday, May 1st. The Goldman Sachs Group boosted their price objective on Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Wall Street Zen raised Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Bank of America began coverage on Zeta Global in a research report on Tuesday, May 19th. They set a “buy” rating and a $24.00 price objective for the company. Finally, Royal Bank Of Canada boosted their price objective on Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.83.

Zeta Global Stock Performance

Shares of Zeta Global stock opened at $18.79 on Monday. Zeta Global Holdings Corp. has a one year low of $12.10 and a one year high of $24.90. The company has a market cap of $4.59 billion, a PE ratio of -170.77, a P/E/G ratio of 2.93 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The business has a 50-day simple moving average of $16.99 and a 200-day simple moving average of $18.18.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Zeta Global had a positive return on equity of 2.91% and a negative net margin of 1.62%.The business had revenue of $394.64 million during the quarter, compared to the consensus estimate of $378.09 million. During the same period in the previous year, the company posted $0.06 earnings per share. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, equities research analysts forecast that Zeta Global Holdings Corp. will post 0.21 EPS for the current fiscal year.

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.