425,814 Shares in Zeta Global Holdings Corp. $ZETA Purchased by Tidal Investments LLC

Tidal Investments LLC acquired a new position in Zeta Global Holdings Corp. (NYSE:ZETA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 425,814 shares of the company’s stock, valued at approximately $8,380,000. Tidal Investments LLC owned 0.17% of Zeta Global at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. WINTON GROUP Ltd bought a new position in shares of Zeta Global in the 2nd quarter worth approximately $3,480,000. Engineers Gate Manager LP grew its stake in Zeta Global by 12.7% in the second quarter. Engineers Gate Manager LP now owns 69,707 shares of the company’s stock worth $1,372,000 after purchasing an additional 7,882 shares during the period. Integrated Wealth Concepts LLC grew its stake in Zeta Global by 4.3% in the second quarter. Integrated Wealth Concepts LLC now owns 11,262 shares of the company’s stock worth $222,000 after purchasing an additional 469 shares during the period. IFP Advisors Inc raised its holdings in Zeta Global by 211.5% in the second quarter. IFP Advisors Inc now owns 2,735 shares of the company’s stock worth $54,000 after purchasing an additional 1,857 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in Zeta Global by 18.7% in the second quarter. Allworth Financial LP now owns 24,917 shares of the company’s stock worth $490,000 after purchasing an additional 3,932 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Price Performance

Shares of NYSE ZETA opened at $30.17 on Friday. Zeta Global Holdings Corp. has a twelve month low of $14.36 and a twelve month high of $32.81. The firm has a market cap of $7.57 billion, a P/E ratio of -1,508.65, a PEG ratio of 4.26 and a beta of 1.43. The company has a 50 day moving average of $25.92 and a 200 day moving average of $20.92. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21.

Zeta Global (NYSE:ZETA) last issued its earnings results on Tuesday, August 4th. The company reported $0.03 EPS 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 negative net margin of 0.15% and a positive return on equity of 5.32%. The business’s revenue for the quarter was up 43.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.10) earnings per share. As a group, research analysts expect that Zeta Global Holdings Corp. will post 0.21 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Freedom Capital cut shares of Zeta Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a report on Friday, July 17th. Bank of America boosted their price target on Zeta Global from $29.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Royal Bank Of Canada upped their price target on Zeta Global from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, Citigroup raised their price objective on Zeta Global from $26.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.77.

Zeta Global Profile

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.