Annex Advisory Services LLC Buys New Stake in Zeta Global Holdings Corp. $ZETA

Key Points

• Annex Advisory Services LLC bought a new stake of 2,070,556 shares in Zeta Global in Q4, valued at about $42.14 million, representing roughly 0.86% ownership.
• Analysts' consensus is a Moderate Buy with a mean target of $29.00, following recent upgrades and price-target increases from firms including Goldman Sachs and Morgan Stanley.
• Zeta beat the quarter with EPS $0.28 vs $0.23 expected and revenue of $394.6 million (up 25.4% YoY), while the stock has a market cap of about $3.95 billion and a 52‑week range of $10.69–$24.90.

Annex Advisory Services LLC bought a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,070,556 shares of the company's stock, valued at approximately $42,136,000. Annex Advisory Services LLC owned 0.86% of Zeta Global at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Binnacle Investments Inc acquired a new position in Zeta Global during the third quarter valued at $30,000. National Bank of Canada FI increased its holdings in Zeta Global by 223.1% in the third quarter. National Bank of Canada FI now owns 1,835 shares of the company's stock valued at $36,000 after buying an additional 1,267 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Zeta Global by 124.9% in the third quarter. Farther Finance Advisors LLC now owns 1,842 shares of the company's stock valued at $37,000 after buying an additional 1,023 shares in the last quarter. Game Plan Financial Advisors LLC purchased a new position in Zeta Global in the third quarter valued at $55,000. Finally, Optiver Holding B.V. increased its holdings in Zeta Global by 97.1% in the third quarter. Optiver Holding B.V. now owns 2,940 shares of the company's stock valued at $58,000 after buying an additional 1,448 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZETA has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Zeta Global in a report on Wednesday, January 21st. The Goldman Sachs Group lifted their price objective on shares of Zeta Global from $23.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, January 28th. B. Riley Financial raised shares of Zeta Global to a "strong-buy" rating in a report on Thursday, April 2nd. Morgan Stanley lifted their price objective on shares of Zeta Global from $23.00 to $27.00 and gave the company an "equal weight" rating in a report on Thursday, January 15th. Finally, Wall Street Zen raised shares of Zeta Global from a "hold" rating to a "buy" rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Zeta Global currently has an average rating of "Moderate Buy" and a consensus target price of $29.00.

Zeta Global Stock Up 3.6%

ZETA stock opened at $16.20 on Wednesday. The stock has a market capitalization of $3.95 billion, a P/E ratio of -107.99, a P/E/G ratio of 1.61 and a beta of 1.28. The firm has a 50-day simple moving average of $16.66 and a 200-day simple moving average of $18.42. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.24. Zeta Global Holdings Corp. has a 52 week low of $10.69 and a 52 week high of $24.90.

Zeta Global (NYSE:ZETA - Get Free Report) last released its earnings results on Tuesday, February 24th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.05. The business had revenue of $394.64 million during the quarter, compared to analysts' expectations of $378.09 million. Zeta Global had a negative net margin of 2.42% and a positive return on equity of 1.35%. The company's quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. Equities analysts forecast that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm's mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta's offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.

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