ClearBridge Investments LLC has recently announced that it has increased stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 0.93%. After grabbing 2.95 million shares, the institutional investor is now in possession of 27171.0 shares of the Technology Company. The new investment brought the stake of investor firm to 1.68% having worth around $28.65 million. Moreover, Lord, Abbett & Co. LLC increased its share by 2.85 million to have a control over 2.85 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.12 million shares by acquiring 2.5 million shares or 1.43% of the stake.
Zeta Global Holdings Corp. (ZETA) concluded trading on 05/25/23 at a closing price of $8.61, with 1.09 million shares of worth about $9.35 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.36% during that period and on Thursday the price saw a gain of about 0.35%. Currently the company’s common shares owned by public are about 150.05M shares, out of which, 136.11M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 12 analysts are covering the ZETA stock and their offered price forecasts bring an average price target of $13.40. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $21.00 and could fall to a lowest price of $10.00. The stock’s current price level is 35.75% above of average price target set by the analysts, while a rise to estimated low would result in gain of 13.9% for the stock. However, touching the estimated high of $21.00 would mean a gain of 59.0% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 59 times over the past 12 months. They bought 190,158 shares in 10 of the transactions. In 49 selling transactions, insiders dumped 5,203,376 shares.
Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and ClearBridge Small Cap Growth Fund are the top 3 mutual funds which are holding stakes in Zeta Global Holdings Corp. Vanguard Total Stock Market ETF is currently holding 4.05 million shares of worth totaling $39.36 million. The company recently came buying 0.0 shares which brought its stake up to 2.31% of the company’s outstanding shares. Vanguard Small Cap Index Fund sold 840.0 shares, after which its hold over company’s outstanding shares shrunk to 1.96%, leaving 3.44 million shares with the mutual fund that have a worth of about $33.44 million. ClearBridge Small Cap Growth Fund, after buying 2.42 million shares, have now control over 1.38% of the stake in the company. It holds 0.0 shares of worth $23.52 million.
Zeta Global Holdings Corp. (NYSE: ZETA) started trading at $8.67, above $0.09 from concluding price of the previous day. However, the stock later moved at a day high price of 8.74, or with a gain of 0.35%. Stock saw a price change of 4.36% in past 5 days and over the past one month there was a price change of -11.69%. Year-to-date (YTD), ZETA shares are showing a performance of 5.39% which increased to 18.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.09 but also hit the highest price of $11.28 during that period. The average intraday trading volume for Zeta Global Holdings Corp. shares is 1.15 million. The stock is currently trading -1.00% below its 20-day simple moving average (SMA20), while that difference is down -10.40% for SMA50 and it goes to 0.42% higher than SMA200.
ClearBridge Investments LLC acquired 2.95 million shares of Zeta Global Holdings Corp. having value of about $28.65 million. Data submitted at the U.S SEC by ClearBridge Investments LLC revealed that the firm now holds 27171.0 shares in the company valued at close to $233942.31, or have control over 0.93% stake in the company. Zeta Global Holdings Corp. (NYSE: ZETA) currently have 150.05M outstanding shares and institutions hold larger chunk of about 57.70% of that. Holding of mutual funds in the company is about 24.20% while other institutional holders and individual stake holders have control over 28.85% and 19.04% of the stake respectively.
The stock has a current market capitalization of $1.82B. It has posted earnings per share of -$1.86 in the same period. It has Quick Ratio of 1.70 while making debt-to-equity ratio of 1.41. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZETA, volatility over the week remained 4.43% while standing at 4.98% over the month.
Analysts are in expectations that Zeta Global Holdings Corp. (ZETA) stock would likely to be making an EPS of $0.06 in the current quarter, while forecast for next quarter EPS is $0.08 and it is $0.47 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.03 which is $0.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 31.90% while it is estimated to increase by 41.21% in next year.
Analysts at 12 brokerage firms have issued recommendations for the Zeta Global Holdings Corp. (ZETA)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.80. Out of those 12 Wall Street analysts, 8 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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