Zeta Global Holdings Corp. (NASDAQ:ZETA) Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. lowered its position in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) by 21.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 350,403 shares of the company’s stock after selling 97,337 shares during the period. Hodges Capital Management Inc.’s holdings in Zeta Global were worth $6,185,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. New York State Common Retirement Fund boosted its holdings in Zeta Global by 28.9% in the fourth quarter. New York State Common Retirement Fund now owns 286,002 shares of the company’s stock valued at $2,523,000 after purchasing an additional 64,135 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Zeta Global by 2.2% during the 4th quarter. Russell Investments Group Ltd. now owns 278,303 shares of the company’s stock worth $2,455,000 after buying an additional 6,086 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Zeta Global by 25.7% in the 4th quarter. Victory Capital Management Inc. now owns 20,167 shares of the company’s stock valued at $178,000 after buying an additional 4,128 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Zeta Global by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,249,359 shares of the company’s stock valued at $11,019,000 after buying an additional 36,829 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Zeta Global during the 4th quarter worth $100,000. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Zeta Global Stock Performance

Shares of NASDAQ ZETA traded down $0.16 during mid-day trading on Wednesday, hitting $25.41. 216,408 shares of the company were exchanged, compared to its average volume of 2,221,583. The stock has a 50 day simple moving average of $21.50 and a 200-day simple moving average of $16.17. Zeta Global Holdings Corp. has a 1-year low of $7.38 and a 1-year high of $26.45. 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 firm has a market cap of $5.59 billion, a price-to-earnings ratio of -23.97 and a beta of 1.26.

Zeta Global (NASDAQ:ZETA) last released its earnings results on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The firm had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. During the same quarter last year, the business posted ($0.32) EPS. The firm’s revenue was up 32.6% on a year-over-year basis. On average, sell-side analysts forecast that Zeta Global Holdings Corp. will post -0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on ZETA shares. DA Davidson upped their price objective on shares of Zeta Global from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Morgan Stanley cut Zeta Global from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $18.00 to $30.00 in a research report on Thursday, August 1st. Oppenheimer lifted their price target on Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Zeta Global in a research note on Wednesday, August 21st. Finally, Royal Bank of Canada raised their target price on shares of Zeta Global from $23.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $28.00.

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.