WINTON GROUP Ltd Acquires Shares of 176,847 Zeta Global Holdings Corp. $ZETA

Key Points

• WINTON GROUP Ltd initiated a position in Zeta Global, purchasing 176,847 shares worth approximately $3.48 million, or about 0.07% of the company. Institutional investors collectively own 87.75% of Zeta Global.
• Analyst sentiment is broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $30.77; several firms recently raised their targets to between $27 and $32.
• Zeta Global reported quarterly revenue of $442.77 million, up 43.6% year over year and above estimates, but its $0.03 earnings per share missed the $0.20 consensus forecast. Shares opened at $30.54, near the company’s 52-week high of $32.81.

WINTON GROUP Ltd purchased a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 176,847 shares of the company's stock, valued at approximately $3,480,000. WINTON GROUP Ltd owned about 0.07% of Zeta Global as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DV Equities LLC purchased a new stake in shares of Zeta Global in the fourth quarter worth about $29,000. Binnacle Investments Inc purchased a new position in shares of Zeta Global in the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC grew its position in Zeta Global by 204.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company's stock valued at $33,000 after acquiring an additional 1,406 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of Zeta Global by 66.7% during the 1st quarter. Cornerstone Planning Group LLC now owns 2,167 shares of the company's stock valued at $34,000 after purchasing an additional 867 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Zeta Global by 223.1% in the third quarter. National Bank of Canada FI now owns 1,835 shares of the company's stock worth $36,000 after buying an additional 1,267 shares during the period. 87.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ZETA shares. The Goldman Sachs Group set a $28.00 price objective on Zeta Global and gave the stock a "neutral" rating in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of Zeta Global from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Royal Bank Of Canada upped their price target on shares of Zeta Global from $29.00 to $31.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. DA Davidson increased their target price on Zeta Global from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Finally, KeyCorp lifted their price target on shares of Zeta Global from $22.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.77.

Zeta Global Price Performance

ZETA stock opened at $30.54 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21. Zeta Global Holdings Corp. has a 52 week low of $14.36 and a 52 week high of $32.81. The company has a fifty day simple moving average of $25.73 and a two-hundred day simple moving average of $20.86. The firm has a market capitalization of $7.67 billion, a P/E ratio of -1,527.00, a price-to-earnings-growth ratio of 4.29 and a beta of 1.43.

Zeta Global (NYSE:ZETA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.17). Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. The firm had revenue of $442.77 million for the quarter, compared to the consensus estimate of $420.61 million. During the same quarter last year, the firm earned ($0.10) EPS. The company's revenue was up 43.6% on a year-over-year basis. Analysts anticipate that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

Zeta Global Company Profile

Zeta Global Holdings Corp. is a marketing technology company that helps brands acquire, grow and retain customers. Its platform combines consumer data, artificial intelligence and marketing automation to support audience identification, campaign planning, personalization and measurement across digital and traditional channels.

The company's principal offering is the Zeta Marketing Platform, which is designed to provide marketers with tools for managing customer data, generating insights and executing multichannel campaigns.

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