Handelsbanken Fonder AB Has $1.17 Million Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Handelsbanken Fonder AB increased its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 35.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,200 shares of the company’s stock after purchasing an additional 10,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Zeta Global were worth $1,169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Zeta Global during the second quarter worth $7,713,000. Point72 Asset Management L.P. grew its position in Zeta Global by 10.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 57,859 shares of the company’s stock worth $1,021,000 after acquiring an additional 5,259 shares during the last quarter. Algert Global LLC grew its position in Zeta Global by 23.1% during the 2nd quarter. Algert Global LLC now owns 118,667 shares of the company’s stock worth $2,094,000 after acquiring an additional 22,237 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its holdings in Zeta Global by 18.1% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 103,184 shares of the company’s stock worth $1,821,000 after purchasing an additional 15,800 shares in the last quarter. Finally, Scientech Research LLC bought a new position in Zeta Global in the second quarter valued at about $265,000. Institutional investors own 75.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and set a $34.00 price target on shares of Zeta Global in a report on Wednesday. Oppenheimer boosted their target price on shares of Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. DA Davidson raised their price target on shares of Zeta Global from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday. Canaccord Genuity Group boosted their price objective on shares of Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley lowered Zeta Global from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $18.00 to $30.00 in a research report on Thursday, August 1st. 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 company’s stock. According to data from MarketBeat.com, Zeta Global presently has a consensus rating of “Buy” and an average price target of $35.00.

Zeta Global Price Performance

Shares of ZETA opened at $31.66 on Friday. The firm has a market cap of $6.93 billion, a PE ratio of -29.87 and a beta of 1.27. Zeta Global Holdings Corp. has a 52-week low of $7.38 and a 52-week high of $34.14. The business’s 50 day moving average price is $26.81 and its two-hundred day moving average price is $19.64. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98.

Zeta Global (NYSE:ZETA) last released its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). The company had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm’s revenue was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.32) EPS. On average, equities analysts anticipate that Zeta Global Holdings Corp. will post -0.41 EPS for the current year.

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.