Zeta Global Holdings Corp. $ZETA Shares Purchased by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP increased its Zeta Global position by 1,393.7% in the second quarter, ending with 247,455 shares valued at approximately $4.87 million. Institutional investors collectively own 87.75% of the company.
• Analysts remain broadly positive, with 10 Buy, three Hold and one Sell rating. Zeta has a consensus “Moderate Buy” rating and an average price target of $30.77, while several firms recently raised their targets to as high as $35.
• Zeta reported quarterly revenue of $442.77 million, up 43.6% year over year and above estimates, but earnings per share of $0.03 missed the $0.20 consensus forecast. Shares opened at $30.16, near the company’s 52-week high of $32.81.

Corient Private Wealth LP boosted its holdings in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 1,393.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 247,455 shares of the company's stock after acquiring an additional 230,888 shares during the period. Corient Private Wealth LP owned about 0.10% of Zeta Global worth $4,870,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Absolute Gestao de Investimentos Ltda. bought a new position in shares of Zeta Global in the second quarter worth $984,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Zeta Global in the 2nd quarter worth approximately $2,148,000. Washington Trust Advisors Inc. bought a new position in shares of Zeta Global in the second quarter valued at $1,843,000. AlphaGrep UK Ltd acquired a new position in shares of Zeta Global in the 2nd quarter worth $211,000. Finally, Odyssean LLC increased its stake in Zeta Global by 60.6% in the 2nd quarter. Odyssean LLC now owns 26,433 shares of the company's stock worth $520,000 after purchasing an additional 9,970 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. B. Riley Financial restated a "buy" rating and set a $32.00 price objective (up from $30.00) on shares of Zeta Global in a report on Wednesday, August 5th. Citigroup raised their price objective on shares of Zeta Global from $26.00 to $35.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. DA Davidson lifted their price objective on shares of Zeta Global from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Bank of America increased their target price on Zeta Global from $29.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. Finally, William Blair set a $29.00 price objective on Zeta Global in a research report on Thursday, August 6th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.77.

Zeta Global Stock Down 0.7%

ZETA stock opened at $30.16 on Friday. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of -1,508.15, a price-to-earnings-growth ratio of 4.27 and a beta of 1.43. The company has a 50-day moving average of $26.81 and a two-hundred day moving average of $21.40. Zeta Global Holdings Corp. has a 52-week low of $14.36 and a 52-week high of $32.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.38 and a quick ratio of 2.38.

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 the consensus estimate of $0.20 by ($0.17). Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.The business had revenue of $442.77 million for the quarter, compared to analyst estimates of $420.61 million. During the same period in the prior year, the firm posted ($0.10) EPS. Zeta Global's revenue for the quarter was up 43.6% on a year-over-year basis. As a group, equities research analysts anticipate that Zeta Global Holdings Corp. will post 0.21 EPS for the current year.

About Zeta Global

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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