Allspring Global Investments Holdings LLC Sells 2,363 Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,437 shares of the company’s stock after selling 2,363 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Zeta Global were worth $313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Zeta Global by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 15,915,616 shares of the company’s stock valued at $132,895,000 after purchasing an additional 991,678 shares in the last quarter. Summit Creek Advisors LLC increased its stake in Zeta Global by 57.5% during the 3rd quarter. Summit Creek Advisors LLC now owns 1,468,944 shares of the company’s stock valued at $12,266,000 after purchasing an additional 536,550 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Zeta Global by 13.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,212,530 shares of the company’s stock valued at $10,125,000 after purchasing an additional 140,578 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Zeta Global by 8.3% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,179,421 shares of the company’s stock valued at $9,848,000 after purchasing an additional 90,681 shares in the last quarter. Finally, Bwcp LP bought a new stake in Zeta Global during the 3rd quarter valued at $7,719,000. Institutional investors own 75.82% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Zeta Global Price Performance

Shares of NASDAQ:ZETA opened at $12.89 on Friday. The company’s 50-day moving average is $11.04 and its 200 day moving average is $9.59. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market capitalization of $2.82 billion, a P/E ratio of -10.65 and a beta of 1.20. Zeta Global Holdings Corp. has a fifty-two week low of $7.24 and a fifty-two week high of $12.91.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.36). The company had revenue of $210.00 million during the quarter, compared to analysts’ expectations of $207.53 million. Zeta Global had a negative return on equity of 123.59% and a negative net margin of 25.73%. Zeta Global’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.36) earnings per share. On average, equities research analysts forecast that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current year.

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.