Mackenzie Financial Corp Grows Holdings in Zeta Global Holdings Corp. (NASDAQ:ZETA)

Mackenzie Financial Corp boosted its holdings in Zeta Global Holdings Corp. (NASDAQ:ZETA) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,928 shares of the company’s stock after purchasing an additional 24,273 shares during the quarter. Mackenzie Financial Corp owned about 0.07% of Zeta Global worth $1,305,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZETA. Optas LLC purchased a new stake in Zeta Global in the 4th quarter valued at $88,000. Blue Trust Inc. raised its position in Zeta Global by 22.8% during the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock worth $92,000 after buying an additional 2,037 shares during the last quarter. Koshinski Asset Management Inc. purchased a new position in Zeta Global during the 3rd quarter worth $109,000. Proficio Capital Partners LLC raised its position in Zeta Global by 50.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 15,000 shares of the company’s stock worth $125,000 after buying an additional 5,000 shares during the last quarter. Finally, George Kaiser Family Foundation purchased a new position in Zeta Global during the 3rd quarter worth $200,000. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ZETA. Morgan Stanley upgraded shares of Zeta Global from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $12.00 to $17.00 in a research report on Thursday, April 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 price target on shares of Zeta Global in a research note on Wednesday, February 28th. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 28th. DA Davidson began coverage on shares of Zeta Global in a research note on Wednesday, April 3rd. They set a “buy” rating and a $15.00 price target on the stock. Finally, TheStreet raised shares of Zeta Global from a “d+” rating to a “c-” rating in a research note on Tuesday, January 30th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Zeta Global has a consensus rating of “Buy” and an average price target of $15.00.

Zeta Global Price Performance

Shares of NASDAQ ZETA opened at $12.28 on Thursday. Zeta Global Holdings Corp. has a 52 week low of $7.24 and a 52 week high of $12.45. The company’s 50-day moving average price is $10.95 and its 200 day moving average price is $9.54. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.76 and a quick ratio of 1.76.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.36). The business had revenue of $210.00 million during the quarter, compared to analyst estimates of $207.53 million. Zeta Global had a negative net margin of 25.73% and a negative return on equity of 123.59%. Zeta Global’s revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.36) earnings per share. As a group, sell-side analysts expect that Zeta Global Holdings Corp. will post -0.45 EPS for the current fiscal 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.