Blue Trust Inc. Has $621,000 Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Blue Trust Inc. raised its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 10.9% in the third quarter, Holdings Channel reports. The institutional investor owned 20,831 shares of the company’s stock after buying an additional 2,054 shares during the quarter. Blue Trust Inc.’s holdings in Zeta Global were worth $621,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock valued at $143,647,000 after purchasing an additional 370,912 shares in the last quarter. Counterpoint Mutual Funds LLC raised its stake in shares of Zeta Global by 9.4% in the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock valued at $136,000 after purchasing an additional 1,065 shares in the last quarter. Register Financial Advisors LLC raised its stake in shares of Zeta Global by 66.7% in the first quarter. Register Financial Advisors LLC now owns 28,000 shares of the company’s stock valued at $306,000 after purchasing an additional 11,200 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Zeta Global by 9.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 38,732 shares of the company’s stock valued at $423,000 after purchasing an additional 3,295 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Zeta Global by 18.9% in the first quarter. Principal Financial Group Inc. now owns 18,894 shares of the company’s stock valued at $207,000 after purchasing an additional 2,997 shares in the last quarter. 75.82% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Price Performance

Zeta Global stock opened at $26.88 on Tuesday. The firm has a market capitalization of $5.91 billion, a P/E ratio of -30.55 and a beta of 1.27. Zeta Global Holdings Corp. has a 1 year low of $7.38 and a 1 year high of $34.14. The business has a 50-day moving average of $27.63 and a 200-day moving average of $20.57. 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 (NYSE:ZETA) last posted its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The company had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. Zeta Global’s quarterly revenue was up 32.6% compared to the same quarter last year. On average, equities analysts anticipate that Zeta Global Holdings Corp. will post -0.41 EPS for the current year.

Analysts Set New Price Targets

ZETA has been the subject of a number of recent research reports. Craig Hallum upped their target price on Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, September 27th. B. Riley upped their target price on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Morgan Stanley lowered Zeta Global from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $18.00 to $30.00 in a research note on Thursday, August 1st. Roth Mkm lifted their price objective on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, Bank of America lifted their price objective on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Zeta Global presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Zeta Global Company Profile

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.