Zeta Global Holdings Corp. (NYSE:ZETA) Shares Purchased by Riggs Asset Managment Co. Inc.

Riggs Asset Managment Co. Inc. raised its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 142.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 75,999 shares of the company’s stock after acquiring an additional 44,596 shares during the period. Riggs Asset Managment Co. Inc.’s holdings in Zeta Global were worth $2,267,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Zeta Global by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after acquiring an additional 431,077 shares during the period. Clearbridge Investments LLC raised its stake in Zeta Global by 2.6% during the first quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock worth $33,125,000 after purchasing an additional 77,962 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Zeta Global by 85.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after purchasing an additional 929,800 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Zeta Global by 1,444.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock valued at $32,610,000 after buying an additional 1,728,005 shares during the period. Finally, Bwcp LP increased its holdings in shares of Zeta Global by 6.2% during the 2nd quarter. Bwcp LP now owns 1,805,867 shares of the company’s stock worth $31,874,000 after buying an additional 106,034 shares during the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. DA Davidson lifted their target price on Zeta Global from $35.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. KeyCorp assumed coverage on Zeta Global in a report on Tuesday, October 22nd. They set an “overweight” rating and a $40.00 target price for the company. Truist Financial restated a “buy” rating and issued a $35.00 price target (up previously from $30.00) on shares of Zeta Global in a report on Friday, September 27th. Roth Mkm boosted their price objective on shares of Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Bank of America raised their target price on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Zeta Global has a consensus rating of “Buy” and an average price target of $35.69.

Zeta Global Stock Performance

NYSE:ZETA opened at $26.76 on Monday. Zeta Global Holdings Corp. has a one year low of $7.38 and a one year high of $34.14. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. The business’s 50-day simple moving average is $27.81 and its 200 day simple moving average is $20.97.

Zeta Global (NYSE:ZETA) last announced its earnings results 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). The business had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The business’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.32) earnings per share. Research analysts forecast that Zeta Global Holdings Corp. will post -0.45 earnings per share 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.