Quest Partners LLC Acquires 2,183 Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA)

Quest Partners LLC grew its stake in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) by 1,718.9% in the second quarter, Holdings Channel reports. The institutional investor owned 2,310 shares of the company’s stock after purchasing an additional 2,183 shares during the period. Quest Partners LLC’s holdings in Zeta Global were worth $41,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Praesidium Investment Management Company LLC grew its stake in shares of Zeta Global by 1,549.5% in the 4th quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock valued at $54,519,000 after purchasing an additional 5,806,578 shares during the period. Capital World Investors bought a new stake in Zeta Global in the fourth quarter valued at $23,560,000. Ophir Asset Management Pty Ltd acquired a new position in Zeta Global during the fourth quarter worth $19,682,000. Granahan Investment Management LLC lifted its holdings in shares of Zeta Global by 15.3% during the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after acquiring an additional 1,076,208 shares during the period. Finally, Scalar Gauge Management LLC acquired a new stake in shares of Zeta Global in the 4th quarter valued at $6,411,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

Zeta Global Price Performance

Shares of ZETA stock opened at $27.58 on Thursday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. Zeta Global Holdings Corp. has a 12 month low of $7.38 and a 12 month high of $28.17. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of -26.02 and a beta of 1.26. The stock has a 50-day moving average price of $23.51 and a 200 day moving average price of $17.36.

Zeta Global (NASDAQ:ZETA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. During the same period last year, the firm earned ($0.32) earnings per share. The company’s quarterly revenue was up 32.6% on a year-over-year basis. Research analysts expect that Zeta Global Holdings Corp. will post -0.43 EPS for the current year.

Analyst Upgrades and Downgrades

ZETA has been the subject of a number of recent analyst reports. DA Davidson reiterated a “buy” rating and set a $30.00 target price on shares of Zeta Global in a research report on Tuesday, September 10th. B. Riley reaffirmed a “buy” rating and set a $30.00 price objective (up previously from $24.00) on shares of Zeta Global in a report on Thursday, August 1st. Barclays boosted their target price on Zeta Global from $18.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and set a $30.00 price target (up from $23.00) on shares of Zeta Global in a report on Thursday, August 1st. Finally, 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. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $29.75.

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.