Zeta Global Holdings Corp. $ZETA Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 127.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 98,881 shares of the company’s stock after purchasing an additional 55,343 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Zeta Global were worth $1,532,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Zeta Global by 753.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company’s stock valued at $85,513,000 after buying an additional 5,567,201 shares in the last quarter. Yong Rong HK Asset Management Ltd acquired a new stake in Zeta Global in the 1st quarter valued at $38,748,000. Bwcp LP grew its stake in Zeta Global by 101.8% in the 1st quarter. Bwcp LP now owns 2,614,796 shares of the company’s stock valued at $35,457,000 after acquiring an additional 1,319,273 shares during the period. Nuveen LLC purchased a new stake in Zeta Global in the 1st quarter worth $28,152,000. Finally, Think Investments LP acquired a new position in Zeta Global during the first quarter worth $19,126,000. 87.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZETA has been the topic of several research analyst reports. Zacks Research upgraded shares of Zeta Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 27th. Truist Financial raised their price target on shares of Zeta Global from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. The Goldman Sachs Group lifted their price objective on Zeta Global from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of Zeta Global in a report on Thursday, October 9th. Finally, Bank of America raised their target price on Zeta Global from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.67.

Zeta Global Stock Up 5.8%

ZETA stock opened at $18.00 on Friday. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average of $19.48 and a two-hundred day moving average of $16.37. Zeta Global Holdings Corp. has a 12 month low of $10.69 and a 12 month high of $38.20. The company has a market cap of $4.28 billion, a price-to-earnings ratio of -94.72 and a beta of 1.29.

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.