Great Lakes Advisors LLC reduced its position in Zeta Global Holdings Corp. (NASDAQ:ZETA)

Great Lakes Advisors LLC reduced its stake in Zeta Global Holdings Corp. (NASDAQ:ZETA – Free Report) by 16.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 220,670 shares of the company’s stock after selling 43,010 shares during the quarter. Great Lakes Advisors LLC owned about 0.10% of Zeta Global worth $3,895,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Halpern Financial Inc. raised its stake in Zeta Global by 18.6% in the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after purchasing an additional 830 shares during the period. Counterpoint Mutual Funds LLC boosted its holdings in Zeta Global by 9.4% in the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock worth $136,000 after acquiring an additional 1,065 shares in the last quarter. Essex Investment Management Co. LLC raised its stake in Zeta Global by 0.5% in the first quarter. Essex Investment Management Co. LLC now owns 227,417 shares of the company’s stock worth $2,486,000 after acquiring an additional 1,233 shares during the period. Arizona State Retirement System boosted its holdings in Zeta Global by 4.6% in the second quarter. Arizona State Retirement System now owns 45,060 shares of the company’s stock valued at $795,000 after purchasing an additional 1,980 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Zeta Global by 9.7% in the first quarter. ProShare Advisors LLC now owns 25,249 shares of the company’s stock worth $276,000 after purchasing an additional 2,236 shares during the period. 75.82% of the shares are currently owned by hedge funds and other institutional investors.

Global Zeta stock up 2.6%

NASDAQ ZETA opened at $25.72 on Tuesday. The stock has a 50-day moving average price of $22.16 and a 200-day moving average price of $16.61. Zeta Global Holdings Corp. has a one year low of $7.38 and a one year high of $27.39. The company has a current ratio of 1.98, a quick ratio of 1.98, and a debt-to-equity ratio of 0.85.

Zeta Global (NASDAQ:ZETA – Get Free Report ) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The business had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. In the same quarter last year, the business earned ($0.32) EPS. Zeta Global’s revenue for the quarter was up 32.6% compared to the same quarter last year. On average, equities analysts estimate that Zeta Global Holdings Corp. will post -0.43 EPS for the current year.

Analysts set new price targets

Several analysts have recently commented on ZETA shares. Needham & Company LLC boosted their price objective on shares of Zeta Global from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley downgraded Zeta Global from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $18.00 to $30.00 in a research report on Thursday , August 1. Bank of America boosted their price objective on Zeta Global from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Oppenheimer lifted their price target on Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Roth Mkm upped their target price on Zeta Global from $21.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $28.83, according to MarketBeat.

Get the latest research report on ZETA

Global Zeta Profile

(Free report)

Zeta Global Holdings Corp. operates a data-driven, omnichannel cloud platform that provides marketing automation software and consumer insights to businesses in the United States and internationally. The company’s Zeta marketing platform analyzes billions of structured and unstructured data points to predict consumer intent, using sophisticated machine learning algorithms and industry-leading data set for omnichannel marketing; and the Consumer Data platform ingests, analyzes and distills disparate data points to generate a single picture of a consumer, encompassing identity, profile characteristics, behaviors and purchase intent.

Further reading

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