Entropy Technologies LP Sells 11,497 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Entropy Technologies LP reduced its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 31.7% in the 3rd quarter, Holdings Channel reports. The fund owned 24,775 shares of the company’s stock after selling 11,497 shares during the quarter. Entropy Technologies LP’s holdings in Zeta Global were worth $739,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Zeta Global by 2.6% during the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after buying an additional 431,077 shares during the period. Clearbridge Investments LLC boosted its position in shares of Zeta Global by 2.6% during the first quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock worth $33,125,000 after buying an additional 77,962 shares during the period. Renaissance Technologies LLC boosted its position in shares of Zeta Global by 85.4% during the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock worth $35,635,000 after buying an additional 929,800 shares during the period. D. E. Shaw & Co. Inc. boosted its position in shares of Zeta Global by 1,444.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after buying an additional 1,728,005 shares during the period. Finally, Bwcp LP boosted its position in shares of Zeta Global by 6.2% during the second quarter. Bwcp LP now owns 1,805,867 shares of the company’s stock worth $31,874,000 after buying an additional 106,034 shares during the period. 75.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ZETA shares. Barclays upped their price objective on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Oppenheimer increased their price target on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday. Roth Mkm increased their price target on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Royal Bank of Canada increased their price target on Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Morgan Stanley increased their price target on Zeta Global from $30.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.23.

Zeta Global Price Performance

NYSE:ZETA opened at $17.39 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The stock’s 50 day moving average price is $28.72 and its two-hundred day moving average price is $22.44. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of -24.84 and a beta of 1.29. Zeta Global Holdings Corp. has a 12-month low of $7.65 and a 12-month high of $38.20.

Zeta Global (NYSE:ZETA) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). The business had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 61.25%. Zeta Global’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.27) EPS. On average, analysts anticipate that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current year.

About Zeta Global

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.