First Eagle Investment Management LLC Has $6.60 Million Stake in Zeta Global Holdings Corp. (NASDAQ:ZETA)

First Eagle Investment Management LLC lifted its stake in Zeta Global Holdings Corp. (NASDAQ:ZETA - Free Report) by 12.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 747,897 shares of the company's stock after buying an additional 84,297 shares during the period. First Eagle Investment Management LLC owned approximately 0.35% of Zeta Global worth $6,596,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Kennedy Capital Management LLC grew its position in Zeta Global by 2.4% during the 3rd 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 during the last quarter. Blue Trust Inc. grew its position in Zeta Global by 22.8% during the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company's stock worth $92,000 after purchasing an additional 2,037 shares during the last quarter. Arizona State Retirement System grew its position 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 purchasing an additional 2,215 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Zeta Global by 1.5% in the third quarter. New York State Common Retirement Fund now owns 221,867 shares of the company's stock valued at $1,853,000 after acquiring an additional 3,252 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Zeta Global by 25.7% in the fourth quarter. Victory Capital Management Inc. now owns 20,167 shares of the company's stock valued at $178,000 after acquiring an additional 4,128 shares in the last quarter. 75.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ZETA shares. Barclays lifted their target price on shares of Zeta Global from $15.00 to $18.00 and gave the company an "overweight" rating in a report on Tuesday, May 7th. Roth Mkm reaffirmed a "buy" rating and issued a $21.00 target price on shares of Zeta Global in a report on Tuesday, May 7th. TheStreet upgraded shares of Zeta Global from a "d+" rating to a "c-" rating in a research note on Tuesday, January 30th. William Blair reiterated an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 28th. Finally, Craig Hallum raised their price objective on shares of Zeta Global from $15.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday, May 7th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $18.75.

Zeta Global Price Performance

ZETA traded up $0.32 during midday trading on Friday, reaching $17.42. 1,696,954 shares of the company's stock were exchanged, compared to its average volume of 2,649,313. The business's 50-day moving average price is $12.39 and its 200 day moving average price is $10.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.89 and a quick ratio of 1.89. The stock has a market capitalization of $3.80 billion, a PE ratio of -16.43 and a beta of 1.12. Zeta Global Holdings Corp. has a 1-year low of $7.24 and a 1-year high of $17.49.

Zeta Global (NASDAQ:ZETA - Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.23) earnings per share for the quarter, beating analysts' consensus estimates of ($0.25) by $0.02. The business had revenue of $195.00 million during the quarter, compared to analyst estimates of $187.16 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 101.48%. The company's revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.38) earnings per share. As a group, equities analysts anticipate that Zeta Global Holdings Corp. will post -0.38 EPS for the current fiscal year.

About Zeta Global

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.