Maxi Investments CY Ltd Buys New Position in Zeta Global Holdings Corp. $ZETA

Maxi Investments CY Ltd purchased a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 38,000 shares of the company’s stock, valued at approximately $773,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mackenzie Financial Corp lifted its stake in Zeta Global by 4.8% during the 3rd quarter. Mackenzie Financial Corp now owns 12,195 shares of the company’s stock valued at $242,000 after acquiring an additional 560 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Zeta Global by 1.2% in the 3rd quarter. D.A. Davidson & CO. now owns 66,462 shares of the company’s stock worth $1,321,000 after acquiring an additional 799 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Zeta Global by 6.5% in the third quarter. Principal Financial Group Inc. now owns 14,264 shares of the company’s stock valued at $283,000 after purchasing an additional 874 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Zeta Global by 5.9% in the second quarter. M&T Bank Corp now owns 17,086 shares of the company’s stock valued at $264,000 after purchasing an additional 959 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Zeta Global by 12.6% during the fourth quarter. CWM LLC now owns 8,890 shares of the company’s stock valued at $181,000 after purchasing an additional 992 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ZETA. Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. B. Riley Financial restated a “buy” rating on shares of Zeta Global in a research note on Friday, May 1st. Royal Bank Of Canada upped their target price on Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a report on Friday, May 1st. KeyCorp raised Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price target for the company in a research report on Tuesday, April 28th. Finally, 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. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Zeta Global currently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

Zeta Global Stock Performance

NYSE ZETA opened at $17.29 on Friday. The company has a market capitalization of $4.22 billion, a PE ratio of -157.16, a price-to-earnings-growth ratio of 2.59 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.60 and a current ratio of 2.07. Zeta Global Holdings Corp. has a 52-week low of $12.10 and a 52-week high of $24.90. The company has a 50-day simple moving average of $17.15 and a 200 day simple moving average of $18.24.

Zeta Global (NYSE:ZETA) last released its earnings results on Tuesday, February 24th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Zeta Global had a negative net margin of 1.62% and a positive return on equity of 2.91%. The firm had revenue of $394.64 million during the quarter, compared to the consensus estimate of $378.09 million. During the same period in the prior year, the firm earned $0.06 EPS. The company’s revenue was up 25.4% compared to the same quarter last year. On average, research analysts predict that Zeta Global Holdings Corp. will post 0.21 EPS for the current year.

Zeta Global 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.