AQR Capital Management LLC Has $574,000 Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

AQR Capital Management LLC lifted its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 41.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,537 shares of the company’s stock after acquiring an additional 9,554 shares during the quarter. AQR Capital Management LLC’s holdings in Zeta Global were worth $574,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ZETA. Quest Partners LLC boosted its holdings in shares of Zeta Global by 1,718.9% in the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after acquiring an additional 2,183 shares in the last quarter. Halpern Financial Inc. raised its position in Zeta Global by 18.6% in the 1st 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 last quarter. Point72 Hong Kong Ltd bought a new position in Zeta Global in the 2nd quarter worth approximately $99,000. Amalgamated Bank raised its position in Zeta Global by 20.0% in the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after purchasing an additional 948 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Zeta Global in the 2nd quarter worth approximately $105,000. 75.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. B. Riley boosted their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Canaccord Genuity Group upped their target price on shares of Zeta Global from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Roth Mkm upped their target price on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Craig Hallum upped their target price on shares of Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Truist Financial reiterated a “buy” rating and set a $35.00 target price (up previously from $30.00) on shares of Zeta Global in a research report on Friday, September 27th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $35.00.

Zeta Global Stock Down 1.9 %

Shares of ZETA stock opened at $31.06 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The firm’s 50-day moving average is $26.99 and its 200-day moving average is $19.91. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of -29.30 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.

Zeta Global (NYSE:ZETA) last issued 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 firm had revenue of $227.80 million during the quarter, compared to the consensus estimate 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 for the quarter was up 32.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.32) earnings per share. Sell-side analysts predict 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.