Hillsdale Investment Management Inc. Sells 11,840 Shares of Zeta Global Holdings Corp. $ZETA

Hillsdale Investment Management Inc. lowered its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 5.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 199,650 shares of the company’s stock after selling 11,840 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Zeta Global were worth $3,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Zeta Global by 753.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company’s stock worth $85,513,000 after acquiring an additional 5,567,201 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Zeta Global by 3.8% during the second quarter. Geode Capital Management LLC now owns 4,835,620 shares of the company’s stock worth $74,913,000 after purchasing an additional 174,972 shares during the period. Bwcp LP grew its stake in shares of Zeta Global by 101.8% in the first quarter. Bwcp LP now owns 2,614,796 shares of the company’s stock worth $35,457,000 after purchasing an additional 1,319,273 shares during the last quarter. Nuveen LLC acquired a new stake in Zeta Global in the first quarter valued at $28,152,000. Finally, Think Investments LP bought a new position in Zeta Global during the 1st quarter worth $19,126,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Trading Up 5.8%

Shares of ZETA stock opened at $17.25 on Friday. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week high of $27.79. 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 stock has a 50 day simple moving average of $19.18 and a two-hundred day simple moving average of $16.99. The company has a market cap of $4.15 billion, a P/E ratio of -143.74 and a beta of 1.27.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ZETA. Zacks Research upgraded Zeta Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 27th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $23.00 price objective on shares of Zeta Global in a research note on Thursday, November 6th. Bank of America increased their target price on shares of Zeta Global from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Citigroup assumed coverage on shares of Zeta Global in a report on Friday. They set a “buy” rating and a $26.00 price target for the company. Finally, Morgan Stanley upped their price objective on shares of Zeta Global from $15.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Zeta Global has a consensus rating of “Moderate Buy” and a consensus target price of $26.18.

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.