SlateStone Wealth LLC Invests $135,000 in Zeta Global Holdings Corp. (NASDAQ:ZETA)

SlateStone Wealth LLC purchased a new stake in Zeta Global Holdings Corp. (NASDAQ:ZETA) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,386 shares of the company’s stock, valued at approximately $135,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Zeta Global by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock worth $143,647,000 after acquiring an additional 370,912 shares during the period. Granahan Investment Management LLC boosted its holdings in shares of Zeta Global by 15.3% in the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after purchasing an additional 1,076,208 shares in the last quarter. Praesidium Investment Management Company LLC boosted its holdings in shares of Zeta Global by 1,549.5% in the 4th quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock valued at $54,519,000 after purchasing an additional 5,806,578 shares in the last quarter. Capital World Investors bought a new position in shares of Zeta Global in the 4th quarter valued at $23,560,000. Finally, Ophir Asset Management Pty Ltd acquired a new position in shares of Zeta Global during the 4th quarter worth $19,682,000. Institutional investors own 75.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ZETA. Morgan Stanley lifted their target price on Zeta Global from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Canaccord Genuity Group upgraded Zeta Global to a “strong-buy” rating in a research report on Tuesday, May 7th. Barclays lifted their price target on Zeta Global from $15.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Oppenheimer boosted their price target on Zeta Global from $14.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Finally, William Blair reiterated an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 28th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $19.95.

Zeta Global Trading Up 0.8 %

NASDAQ ZETA traded up $0.13 during mid-day trading on Tuesday, reaching $16.50. 1,403,535 shares of the stock were exchanged, compared to its average volume of 1,781,035. The stock has a market cap of $3.61 billion, a P/E ratio of -15.57 and a beta of 1.22. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.89 and a quick ratio of 1.89. Zeta Global Holdings Corp. has a one year low of $7.24 and a one year high of $18.58. The stock has a 50 day simple moving average of $14.47 and a 200-day simple moving average of $11.31.

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

Zeta Global 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.