William Blair Investment Management LLC Increases Stake in Zeta Global Holdings Corp. $ZETA

William Blair Investment Management LLC raised its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 8.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,517,433 shares of the company’s stock after purchasing an additional 120,636 shares during the period. William Blair Investment Management LLC owned 0.63% of Zeta Global worth $30,880,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZETA. Disciplined Growth Investors Inc. MN purchased a new position in Zeta Global in the 3rd quarter valued at $121,502,000. M&T Bank Corp lifted its holdings in Zeta Global by 12,545.2% in the 4th quarter. M&T Bank Corp now owns 2,233,649 shares of the company’s stock valued at $45,455,000 after purchasing an additional 2,215,985 shares in the last quarter. Annex Advisory Services LLC purchased a new position in Zeta Global in the 4th quarter valued at $42,136,000. Vanguard Group Inc. lifted its holdings in Zeta Global by 6.1% in the 4th quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock valued at $469,094,000 after purchasing an additional 1,325,717 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC purchased a new position in Zeta Global in the 3rd quarter valued at $15,539,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Stock Down 0.0%

Shares of ZETA opened at $18.79 on Monday. The stock has a fifty day simple moving average of $16.99 and a two-hundred day simple moving average of $18.18. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4.59 billion, a PE ratio of -170.77, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29. Zeta Global Holdings Corp. has a 52-week low of $12.10 and a 52-week high of $24.90.

Zeta Global (NYSE:ZETA) last posted its earnings results on Tuesday, February 24th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Zeta Global had a positive return on equity of 2.91% and a negative net margin of 1.62%.The company had revenue of $394.64 million for the quarter, compared to the consensus estimate of $378.09 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. As a group, equities analysts forecast that Zeta Global Holdings Corp. will post 0.21 EPS for the current year.

Analyst Upgrades and Downgrades

ZETA has been the topic of a number of research reports. Royal Bank Of Canada raised their price objective on Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a report on Friday, May 1st. The Goldman Sachs Group raised their target price on Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. B. Riley Financial reaffirmed a “buy” rating on shares of Zeta Global in a research note on Friday, May 1st. Wall Street Zen raised Zeta Global from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, KeyCorp raised Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 target price for the company in a research note on Tuesday, April 28th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.83.

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.