Corton Capital Inc. Invests $182,000 in Zeta Global Holdings Corp. $ZETA

Corton Capital Inc. acquired a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 11,727 shares of the company’s stock, valued at approximately $182,000.

Other hedge funds have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Zeta Global by 753.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company’s stock worth $85,513,000 after buying an additional 5,567,201 shares during the last quarter. Bwcp LP raised its position in shares of Zeta Global by 101.8% in the first quarter. Bwcp LP now owns 2,614,796 shares of the company’s stock valued at $35,457,000 after purchasing an additional 1,319,273 shares during the period. Nuveen LLC acquired a new stake in shares of Zeta Global in the first quarter worth $28,152,000. Think Investments LP bought a new stake in shares of Zeta Global during the 1st quarter worth $19,126,000. Finally, William Blair Investment Management LLC grew its stake in Zeta Global by 37.3% in the 2nd quarter. William Blair Investment Management LLC now owns 1,247,870 shares of the company’s stock valued at $19,330,000 after buying an additional 339,247 shares during the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ZETA. Zacks Research upgraded shares of Zeta Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 27th. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of Zeta Global in a research note on Thursday, October 9th. Wall Street Zen raised Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Canaccord Genuity Group upped their price target on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Finally, DA Davidson raised their price objective on shares of Zeta Global from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $28.67.

Zeta Global Price Performance

Shares of ZETA stock opened at $16.74 on Wednesday. Zeta Global Holdings Corp. has a 12 month low of $10.69 and a 12 month high of $38.20. The company has a market capitalization of $3.98 billion, a P/E ratio of -88.11 and a beta of 1.27. The stock has a 50 day moving average of $19.37 and a two-hundred day moving average of $16.49. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.29.

Zeta Global (NYSE:ZETA) last issued its earnings results on Tuesday, November 4th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Zeta Global had a negative net margin of 3.16% and a negative return on equity of 4.54%. The firm had revenue of $337.17 million during the quarter, compared to analyst estimates of $327.70 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, equities analysts expect that Zeta Global Holdings Corp. will post -0.16 EPS 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.