Connor Clark & Lunn Investment Management Ltd. Sells 291,843 Shares of Zeta Global Holdings Corp. $ZETA

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 53.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,048 shares of the company’s stock after selling 291,843 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.11% of Zeta Global worth $3,873,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Harbor Capital Advisors Inc. raised its stake in Zeta Global by 1.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 63,330 shares of the company’s stock valued at $981,000 after purchasing an additional 804 shares during the last quarter. SlateStone Wealth LLC raised its position in shares of Zeta Global by 5.8% during the first quarter. SlateStone Wealth LLC now owns 17,154 shares of the company’s stock valued at $233,000 after buying an additional 948 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Zeta Global by 4.2% during the second quarter. Teacher Retirement System of Texas now owns 27,651 shares of the company’s stock valued at $428,000 after buying an additional 1,123 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Zeta Global by 34.2% in the first quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company’s stock valued at $62,000 after buying an additional 1,168 shares during the period. Finally, CWM LLC grew its position in Zeta Global by 44.5% during the first quarter. CWM LLC now owns 4,106 shares of the company’s stock worth $56,000 after buying an additional 1,264 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Bank of America raised their price objective on Zeta Global from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Zacks Research raised Zeta Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 27th. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research note on Wednesday, October 1st. DA Davidson restated a “buy” rating and issued a $27.00 price objective on shares of Zeta Global in a research note on Wednesday, November 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of Zeta Global in a research report on Wednesday, November 5th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.20.

Zeta Global Stock Down 0.5%

ZETA opened at $18.41 on Friday. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of -153.42 and a beta of 1.27. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.01 and a current ratio of 3.01. The firm’s 50-day simple moving average is $19.42 and its 200-day simple moving average is $16.83. Zeta Global Holdings Corp. has a twelve month low of $10.69 and a twelve month high of $27.79.

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.