328,900 Shares in Zeta Global Holdings Corp. $ZETA Acquired by WT Asset Management Ltd

WT Asset Management Ltd acquired a new position in Zeta Global Holdings Corp. (NYSE:ZETA) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 328,900 shares of the company’s stock, valued at approximately $5,095,000. Zeta Global accounts for about 0.4% of WT Asset Management Ltd’s portfolio, making the stock its 22nd biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 worth $85,513,000 after acquiring an additional 5,567,201 shares during the period. Yong Rong HK Asset Management Ltd acquired a new position in shares of Zeta Global in the first quarter worth approximately $38,748,000. Bwcp LP lifted 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 acquiring an additional 1,319,273 shares during the period. Nuveen LLC acquired a new position in shares of Zeta Global in the first quarter worth approximately $28,152,000. Finally, Think Investments LP acquired a new position in shares of Zeta Global in the first quarter worth approximately $19,126,000. 87.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZETA has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on Zeta Global from $15.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Bank of America lifted their target price on Zeta Global from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a report on Saturday, September 27th. Wall Street Zen upgraded Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Finally, Needham & Company LLC lifted their target price on Zeta Global from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.38.

Zeta Global Stock Up 0.7%

Shares of NYSE:ZETA opened at $19.34 on Friday. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of -101.76 and a beta of 1.29. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29. Zeta Global Holdings Corp. has a 12-month low of $10.69 and a 12-month high of $38.20. The business’s 50 day moving average is $19.07 and its 200 day moving average is $15.59.

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.