First Bank & Trust Purchases Shares of 10,193 Zeta Global Holdings Corp. (NYSE:ZETA)

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

Other large investors also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. grew its position in shares of Zeta Global by 1,444.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after buying an additional 1,728,005 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Zeta Global in the 2nd quarter worth about $28,698,000. Renaissance Technologies LLC grew its position in shares of Zeta Global by 85.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after buying an additional 929,800 shares during the last quarter. Millennium Management LLC raised its stake in Zeta Global by 358.3% during the second 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 during the period. Finally, Canada Pension Plan Investment Board acquired a new position in Zeta Global in the second quarter valued at approximately $9,783,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on ZETA shares. Royal Bank of Canada restated an “outperform” rating and issued a $34.00 target price on shares of Zeta Global in a research report on Wednesday, October 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 target price on shares of Zeta Global in a research note on Wednesday, October 9th. Craig Hallum upped their price target on Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, September 27th. Morgan Stanley cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $18.00 to $30.00 in a report on Thursday, August 1st. Finally, Oppenheimer raised their target price on Zeta Global from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $35.69.

Zeta Global Price Performance

Shares of ZETA stock opened at $26.76 on Friday. The firm’s 50 day moving average is $27.81 and its 200-day moving average is $20.91. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of -25.25 and a beta of 1.27. Zeta Global Holdings Corp. has a 1 year low of $7.38 and a 1 year high of $34.14. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NYSE:ZETA) last issued its earnings results on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The business had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. During the same quarter in the previous year, the firm posted ($0.32) EPS. The business’s revenue was up 32.6% on a year-over-year basis. Sell-side analysts forecast that Zeta Global Holdings Corp. will post -0.41 EPS for the current fiscal year.

Zeta Global Company 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.