New York State Common Retirement Fund Raises Holdings in Zeta Global Holdings Corp. (NASDAQ:ZETA)

New York State Common Retirement Fund boosted its holdings in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) by 28.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 286,002 shares of the company’s stock after acquiring an additional 64,135 shares during the quarter. New York State Common Retirement Fund owned about 0.13% of Zeta Global worth $2,523,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZETA. Kennedy Capital Management LLC lifted its stake in Zeta Global by 2.4% during the third quarter. Kennedy Capital Management LLC now owns 78,466 shares of the company’s stock worth $655,000 after purchasing an additional 1,845 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Zeta Global by 22.8% in the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after buying an additional 2,037 shares during the period. Arizona State Retirement System lifted its stake in Zeta Global by 5.4% during the 4th quarter. Arizona State Retirement System now owns 43,351 shares of the company’s stock worth $382,000 after acquiring an additional 2,215 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Zeta Global by 27.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 37,800 shares of the company’s stock valued at $316,000 after acquiring an additional 8,067 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Zeta Global by 37.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,316 shares of the company’s stock valued at $278,000 after acquiring an additional 9,027 shares in the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Zeta Global Stock Up 18.2 %

Zeta Global stock opened at $15.37 on Wednesday. The stock’s fifty day moving average is $11.33 and its two-hundred day moving average is $9.77. The stock has a market cap of $3.36 billion, a PE ratio of -12.70 and a beta of 1.12. Zeta Global Holdings Corp. has a 1-year low of $7.24 and a 1-year high of $15.90. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.76 and a quick ratio of 1.76.

Zeta Global (NASDAQ:ZETA) last posted its earnings results on Monday, May 6th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.02. The firm had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $187.16 million. Zeta Global had a negative return on equity of 123.59% and a negative net margin of 25.73%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.38) earnings per share. On average, sell-side analysts expect that Zeta Global Holdings Corp. will post -0.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ZETA shares. Bank of America increased their price target on shares of Zeta Global from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays increased their target price on shares of Zeta Global from $15.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday. Needham & Company LLC boosted their price target on shares of Zeta Global from $13.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday. B. Riley upped their price objective on Zeta Global from $15.50 to $18.50 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Canaccord Genuity Group lifted their target price on Zeta Global from $13.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $18.75.

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.