Zeta Global Holdings Corp. (NASDAQ:ZETA) Shares Sold by Connors Investor Services Inc.

Connors Investor Services Inc. decreased its holdings in Zeta Global Holdings Corp. (NASDAQ:ZETA) by 19.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,335 shares of the company’s stock after selling 47,085 shares during the quarter. Connors Investor Services Inc. owned approximately 0.09% of Zeta Global worth $3,501,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ZETA. Quest Partners LLC increased its position in Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after purchasing an additional 2,183 shares during the last quarter. Halpern Financial Inc. increased its holdings in shares of Zeta Global by 18.6% during the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after buying an additional 830 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Zeta Global in the 2nd quarter worth $105,000. SlateStone Wealth LLC purchased a new stake in Zeta Global during the first quarter valued at about $135,000. Finally, Counterpoint Mutual Funds LLC increased its stake in Zeta Global by 9.4% during the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock worth $136,000 after acquiring an additional 1,065 shares during the last quarter. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Needham & Company LLC increased their target price on shares of Zeta Global from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Truist Financial reiterated a “buy” rating and set a $30.00 price objective (up previously from $23.00) on shares of Zeta Global in a research note on Thursday, August 1st. Barclays lifted their price target on shares of Zeta Global from $18.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Bank of America upped their price objective on shares of Zeta Global from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Finally, Canaccord Genuity Group raised their target price on Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $29.75.

Zeta Global Stock Performance

Shares of ZETA stock opened at $27.24 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average of $23.08 and a two-hundred day moving average of $17.17. The company has a market cap of $5.96 billion, a P/E ratio of -25.70 and a beta of 1.26. Zeta Global Holdings Corp. has a 52 week low of $7.38 and a 52 week high of $27.73.

Zeta Global (NASDAQ:ZETA) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The company had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. During the same quarter in the prior year, the firm earned ($0.32) EPS. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year. As a group, analysts anticipate that Zeta Global Holdings Corp. will post -0.43 EPS for the current year.

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.