nVerses Capital LLC Grows Stock Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

nVerses Capital LLC raised its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 26.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,200 shares of the company’s stock after buying an additional 3,200 shares during the period. nVerses Capital LLC’s holdings in Zeta Global were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Juncture Wealth Strategies LLC raised its holdings in shares of Zeta Global by 3.1% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock valued at $633,000 after purchasing an additional 634 shares in the last quarter. Essex Investment Management Co. LLC raised its holdings in shares of Zeta Global by 0.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock valued at $9,137,000 after purchasing an additional 856 shares in the last quarter. Wolff Wiese Magana LLC bought a new stake in shares of Zeta Global in the 3rd quarter valued at about $26,000. Amalgamated Bank raised its holdings in shares of Zeta Global by 20.0% in the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC raised its holdings in shares of Zeta Global by 9.4% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock valued at $136,000 after purchasing an additional 1,065 shares in the last quarter. Institutional investors own 75.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ZETA. Oppenheimer boosted their price target on shares of Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Barclays boosted their price objective on shares of Zeta Global from $18.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Bank of America boosted their price objective on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $34.00 price objective on shares of Zeta Global in a research note on Wednesday, October 9th. Finally, Truist Financial reiterated a “buy” rating and set a $35.00 price objective (up previously from $30.00) on shares of Zeta Global in a research note on Friday, September 27th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $35.00.

Zeta Global Trading Down 3.0 %

Shares of Zeta Global stock opened at $30.00 on Friday. 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 Holdings Corp. has a 12-month low of $7.38 and a 12-month high of $34.14. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of -34.09 and a beta of 1.27. The firm’s 50 day simple moving average is $27.47 and its two-hundred day simple moving average is $20.20.

Zeta Global (NYSE:ZETA) last issued 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). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The company had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. During the same quarter in the previous year, the company posted ($0.32) EPS. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year. Analysts predict that Zeta Global Holdings Corp. will post -0.41 EPS for the current year.

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.