Hodges Capital Management Inc. Has $4.89 Million Stock Position in Zeta Global Holdings Corp. (NASDAQ:ZETA)

Hodges Capital Management Inc. decreased its holdings in Zeta Global Holdings Corp. (NASDAQ:ZETA) by 0.5% during the 1st quarter, HoldingsChannel reports. The firm owned 447,740 shares of the company’s stock after selling 2,260 shares during the quarter. Hodges Capital Management Inc.’s holdings in Zeta Global were worth $4,894,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Halpern Financial Inc. grew its position in 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 acquiring an additional 830 shares during the last quarter. Optas LLC acquired a new position in Zeta Global in the 4th quarter valued at approximately $88,000. Blue Trust Inc. raised its stake in shares of Zeta Global by 22.8% during the fourth quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after acquiring an additional 2,037 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Zeta Global during the fourth quarter worth $100,000. Finally, Victory Capital Management Inc. increased its holdings in 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 purchasing an additional 4,128 shares during the period. 75.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ZETA has been the subject of a number of analyst reports. Craig Hallum raised their price objective on Zeta Global from $15.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Roth Mkm upped their price objective on shares of Zeta Global from $21.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. DA Davidson boosted their target price on shares of Zeta Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. B. Riley raised their target price on Zeta Global from $15.50 to $18.50 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, Barclays increased their price target on Zeta Global from $15.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Twelve research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zeta Global currently has an average rating of “Buy” and a consensus target price of $20.59.

Zeta Global Stock Up 1.9 %

ZETA traded up $0.33 during mid-day trading on Friday, reaching $17.65. 6,449,782 shares of the stock were exchanged, compared to its average volume of 2,250,605. Zeta Global Holdings Corp. has a 1 year low of $7.24 and a 1 year high of $18.58. The stock has a market capitalization of $3.86 billion, a PE ratio of -16.65 and a beta of 1.23. The company has a 50 day moving average price of $15.65 and a two-hundred day moving average price of $12.00. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.89 and a current ratio of 1.89.

Zeta Global (NASDAQ:ZETA) last announced its earnings results on Monday, May 6th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.02. The firm had revenue of $195.00 million for the quarter, compared to the consensus estimate of $187.16 million. Zeta Global had a negative return on equity of 101.48% and a negative net margin of 22.20%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.38) EPS. As a group, research analysts anticipate that Zeta Global Holdings Corp. will post -0.38 EPS for the current 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.