Maxi Investments CY Ltd Takes $773,000 Position in Zeta Global Holdings Corp. $ZETA

Maxi Investments CY Ltd bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 38,000 shares of the company’s stock, valued at approximately $773,000.

A number of other hedge funds have also added to or reduced their stakes in ZETA. Disciplined Growth Investors Inc. MN bought a new position in shares of Zeta Global during the 3rd quarter worth approximately $121,502,000. M&T Bank Corp increased its stake in shares of 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 acquiring an additional 2,215,985 shares in the last quarter. Annex Advisory Services LLC bought a new stake in shares of Zeta Global in the 4th quarter valued at $42,136,000. Vanguard Group Inc. lifted its position in shares of Zeta Global by 6.1% during the 4th quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock valued at $469,094,000 after acquiring an additional 1,325,717 shares during the period. Finally, Stephens Investment Management Group LLC boosted its stake in Zeta Global by 92.8% during the third quarter. Stephens Investment Management Group LLC now owns 1,802,642 shares of the company’s stock worth $35,818,000 after acquiring an additional 867,540 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ZETA shares. The Goldman Sachs Group raised their price target on shares of Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Morgan Stanley increased their price objective on shares of Zeta Global from $23.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Royal Bank Of Canada boosted their target price on Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. DA Davidson upped their price target on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.33.

Zeta Global Stock Performance

Shares of ZETA stock opened at $17.29 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.60 and a debt-to-equity ratio of 0.22. The firm has a fifty day simple moving average of $17.15 and a two-hundred day simple moving average of $18.24. Zeta Global Holdings Corp. has a 12 month low of $12.10 and a 12 month high of $24.90. The firm has a market capitalization of $4.22 billion, a PE ratio of -157.16, a price-to-earnings-growth ratio of 2.59 and a beta of 1.29.

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

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.