Farther Finance Advisors LLC Purchases 1,360 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Farther Finance Advisors LLC boosted its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 3,885.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,395 shares of the company’s stock after acquiring an additional 1,360 shares during the quarter. Farther Finance Advisors LLC’s holdings in Zeta Global were worth $42,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of ZETA. D. E. Shaw & Co. Inc. grew its position in shares of Zeta Global by 1,444.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock valued at $32,610,000 after purchasing an additional 1,728,005 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in Zeta Global in the 2nd quarter valued at approximately $28,698,000. Renaissance Technologies LLC increased its position in Zeta Global by 85.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock worth $35,635,000 after buying an additional 929,800 shares during the period. Millennium Management LLC lifted its holdings in shares of Zeta Global by 358.3% during the second quarter. Millennium Management LLC now owns 1,189,295 shares of the company’s stock worth $20,991,000 after buying an additional 929,792 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Zeta Global during the second quarter worth approximately $9,783,000. Institutional investors own 75.82% of the company’s stock.

Zeta Global Stock Performance

Zeta Global stock opened at $17.39 on Friday. The stock has a 50-day simple moving average of $28.72 and a 200 day simple moving average of $22.44. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of -24.84 and a beta of 1.29. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. Zeta Global Holdings Corp. has a 12-month low of $7.65 and a 12-month high of $38.20.

Zeta Global (NYSE:ZETA) last announced its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The company had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. Zeta Global’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.27) earnings per share. On average, research analysts anticipate that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ZETA shares. Craig Hallum upped their target price on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday. Needham & Company LLC lifted their target price on Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday. B. Riley upped their price target on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Bank of America lifted their price objective on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Oppenheimer raised their target price on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.23.

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.