VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 109,166 Zeta Global Holdings Corp. $ZETA

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 109,166 shares of the company’s stock, valued at approximately $2,148,000.

A number of other hedge funds have also modified their holdings of the business. Royal Bank of Canada lifted its position in Zeta Global by 69.8% in the first quarter. Royal Bank of Canada now owns 558,179 shares of the company’s stock valued at $8,887,000 after buying an additional 229,533 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Zeta Global by 133.5% during the first quarter. Cetera Investment Advisers now owns 79,181 shares of the company’s stock valued at $1,261,000 after acquiring an additional 45,264 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Zeta Global by 31.7% during the first quarter. California State Teachers Retirement System now owns 227,521 shares of the company’s stock valued at $3,622,000 after acquiring an additional 54,703 shares during the last quarter. Strs Ohio raised its stake in shares of Zeta Global by 1,102.2% in the 1st quarter. Strs Ohio now owns 54,100 shares of the company’s stock valued at $861,000 after acquiring an additional 49,600 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Zeta Global by 47.7% in the 1st 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 during the period. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America increased their price objective on shares of Zeta Global from $29.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Freedom Capital lowered Zeta Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. The Goldman Sachs Group set a $28.00 price target on Zeta Global and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. Needham & Company LLC raised their price target on Zeta Global from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Citigroup lifted their price objective on Zeta Global from $26.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $30.77.

Zeta Global Trading Up 0.4%

NYSE ZETA opened at $30.54 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.38 and a current ratio of 2.38. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of -1,527.00, a PEG ratio of 4.29 and a beta of 1.43. The firm has a 50 day simple moving average of $25.73 and a 200-day simple moving average of $20.86. Zeta Global Holdings Corp. has a one year low of $14.36 and a one year high of $32.81.

Zeta Global (NYSE:ZETA) last announced its 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). The business had revenue of $442.77 million for the quarter, compared to analysts’ expectations of $420.61 million. Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.Zeta Global’s quarterly revenue was up 43.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.10) earnings per share. Equities research analysts anticipate that Zeta Global Holdings Corp. will post 0.21 EPS for the current fiscal year.

About Zeta Global

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.