Zeta Global Holdings Corp. $ZETA Stock: Park Avenue Securities LLC Increases Stake

Park Avenue Securities LLC grew its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 20.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 293,585 shares of the company’s stock after acquiring an additional 50,504 shares during the quarter. Park Avenue Securities LLC owned 0.12% of Zeta Global worth $9,268,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. 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 worth $8,887,000 after purchasing an additional 229,533 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Zeta Global during the second quarter worth $2,148,000. Cetera Investment Advisers increased its holdings in Zeta Global by 133.5% in the 1st quarter. Cetera Investment Advisers now owns 79,181 shares of the company’s stock valued at $1,261,000 after buying an additional 45,264 shares during the period. California State Teachers Retirement System increased its holdings in Zeta Global by 31.7% in the 1st quarter. California State Teachers Retirement System now owns 227,521 shares of the company’s stock valued at $3,622,000 after buying an additional 54,703 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in Zeta Global in the 2nd quarter valued at $3,480,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ZETA shares. B. Riley Financial reaffirmed a “buy” rating on shares of Zeta Global in a report on Friday, October 9th. Craig Hallum set a $38.00 target price on shares of Zeta Global in a research note on Monday, October 12th. Freedom Capital cut shares of Zeta Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. KeyCorp increased their price target on shares of Zeta Global from $27.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, October 9th. Finally, DA Davidson lifted their price objective on Zeta Global from $36.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. Twelve research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.06.

Zeta Global Price Performance

Zeta Global stock opened at $33.41 on Wednesday. The stock has a fifty day moving average price of $31.23 and a two-hundred day moving average price of $22.42. Zeta Global Holdings Corp. has a 52-week low of $14.36 and a 52-week high of $35.75. The firm has a market capitalization of $8.39 billion, a P/E ratio of -1,670.25 and a beta of 1.39.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). The business had revenue of $442.77 million during the quarter, compared to the consensus estimate of $420.61 million. During the same period in the previous year, the firm posted ($0.10) earnings per share. The business’s revenue for the quarter was up 43.6% on a year-over-year basis. On average, equities research analysts predict that Zeta Global Holdings Corp. will post 0.21 EPS for the current fiscal year.

Zeta Global Company Profile

Zeta Global Holdings Corp. is a technology company that provides data-driven marketing and customer experience solutions. Its platform combines consumer data, analytics, artificial intelligence and marketing automation to help brands acquire, engage and retain customers across digital and traditional channels.

The company’s offerings include the Zeta Marketing Platform, a technology suite designed to support audience identification, customer segmentation, campaign planning, personalization and measurement.