41,065 Shares of Zeta Global Holdings Corp. $ZETA Bought by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,065 shares of the company’s stock, valued at approximately $1,296,000.

Other large investors have also recently added to or reduced their stakes in the company. Contour Asset Management LLC boosted its position in shares of Zeta Global by 26.3% in the fourth quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock worth $227,159,000 after buying an additional 2,327,907 shares during the period. Bank of America Corp DE grew its position in Zeta Global by 47.7% in the first quarter. Bank of America Corp DE now owns 3,853,723 shares of the company’s stock valued at $61,351,000 after acquiring an additional 1,244,057 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Zeta Global by 75.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,864,071 shares of the company’s stock valued at $45,583,000 after purchasing an additional 1,234,412 shares during the period. Granahan Investment Management LLC raised its stake in shares of Zeta Global by 110.3% during the fourth quarter. Granahan Investment Management LLC now owns 2,617,630 shares of the company’s stock valued at $53,269,000 after purchasing an additional 1,373,164 shares during the period. Finally, P2 Capital Partners LLC acquired a new position in shares of Zeta Global during the fourth quarter worth $34,595,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Zeta Global from $31.00 to $40.00 and gave the company an “outperform” rating in a report on Monday. B. Riley Financial reiterated a “buy” rating on shares of Zeta Global in a research note on Friday. Bank of America increased their price target on Zeta Global from $29.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Wall Street Zen upgraded Zeta Global from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Finally, Needham & Company LLC upped their target price on Zeta Global from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Friday. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.50.

Zeta Global Stock Up 1.5%

Shares of Zeta Global stock traded up $0.50 during trading on Friday, reaching $33.53. The company had a trading volume of 2,721,037 shares, compared to its average volume of 8,460,192. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.38 and a current ratio of 2.38. Zeta Global Holdings Corp. has a fifty-two week low of $14.36 and a fifty-two week high of $34.80. The firm’s fifty day moving average is $29.61 and its 200-day moving average is $22.73. The company has a market cap of $8.42 billion, a price-to-earnings ratio of -1,676.70, a price-to-earnings-growth ratio of 4.76 and a beta of 1.39.

Zeta Global (NYSE:ZETA) last released its earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $442.77 million for the quarter, compared to the consensus estimate of $420.61 million. During the same period in the prior year, the business earned ($0.10) EPS. The company’s quarterly revenue was up 43.6% on a year-over-year basis. On average, analysts anticipate that Zeta Global Holdings Corp. will post 0.21 EPS for the current year.

Zeta Global Company Profile

Zeta Global is a technology company that provides data-driven marketing and customer-experience solutions to brands and agencies. Its platform helps organizations acquire, grow and retain customers by combining consumer data, artificial intelligence and marketing automation across digital channels.

The company’s offerings include the Zeta Marketing Platform, which supports audience discovery, campaign planning, activation, personalization and measurement. Zeta also provides data-management and analytics capabilities through its proprietary data assets, helping marketers develop customer insights and deliver coordinated campaigns across channels such as email, online advertising, connected television and other digital media.

Founded in 2007, Zeta Global serves enterprise marketers and agencies, primarily in the United States and other markets where digital advertising and customer-engagement services are in demand.