Tidal Investments LLC Buys Shares of 425,814 Zeta Global Holdings Corp. $ZETA

Tidal Investments LLC purchased a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 425,814 shares of the company’s stock, valued at approximately $8,380,000.

A number of other large investors have also recently made changes to their positions in the stock. Contour Asset Management LLC lifted its position in Zeta Global by 26.3% during the fourth quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock valued at $227,159,000 after purchasing an additional 2,327,907 shares during the period. Disciplined Growth Investors Inc. MN bought a new stake in Zeta Global in the 3rd quarter worth approximately $121,502,000. Goldman Sachs Group Inc. raised its stake in Zeta Global by 13.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,582,446 shares of the company’s stock valued at $113,603,000 after buying an additional 673,145 shares during the last quarter. Capital World Investors raised its stake in Zeta Global by 0.7% during the 4th quarter. Capital World Investors now owns 5,013,776 shares of the company’s stock valued at $102,030,000 after buying an additional 33,923 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Zeta Global by 4.8% during the 2nd quarter. State Street Corp now owns 4,671,750 shares of the company’s stock valued at $72,365,000 after buying an additional 215,932 shares during the period. 87.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada raised their price target on Zeta Global from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. William Blair set a $29.00 price objective on Zeta Global in a research report on Thursday, August 6th. The Goldman Sachs Group set a $28.00 target price on Zeta Global and gave the company a “neutral” rating in a report on Wednesday, June 24th. DA Davidson raised their target price on Zeta Global from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Needham & Company LLC boosted their price target on Zeta Global from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.77.

Zeta Global Stock Down 1.3%

ZETA opened at $30.17 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.21. Zeta Global Holdings Corp. has a 1-year low of $14.36 and a 1-year high of $32.81. The company has a market capitalization of $7.57 billion, a PE ratio of -1,508.65, a PEG ratio of 4.26 and a beta of 1.43. The firm’s 50 day simple moving average is $25.92 and its two-hundred day simple moving average is $20.92.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.17). Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.The business had revenue of $442.77 million for the quarter, compared to analysts’ expectations of $420.61 million. During the same quarter in the prior year, the business earned ($0.10) EPS. The company’s revenue was up 43.6% compared to the same quarter last year. As a group, equities analysts forecast that Zeta Global Holdings Corp. will post 0.21 EPS for the current year.

Zeta Global Company Profile

Zeta Global Holdings Corp. is a marketing technology company that helps brands acquire, grow and retain customers. Its platform combines consumer data, artificial intelligence and marketing automation to support audience identification, campaign planning, personalization and measurement across digital and traditional channels.

The company’s principal offering is the Zeta Marketing Platform, which is designed to provide marketers with tools for managing customer data, generating insights and executing multichannel campaigns.