Connors Investor Services Inc. Boosts Stake in Zeta Global Holdings Corp. $ZETA

Connors Investor Services Inc. raised its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 26.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 232,939 shares of the company’s stock after purchasing an additional 49,331 shares during the period. Connors Investor Services Inc.’s holdings in Zeta Global were worth $3,608,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Zeta Global by 753.3% in 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 valued at $85,513,000 after buying an additional 5,567,201 shares during the last quarter. Yong Rong HK Asset Management Ltd purchased a new position in Zeta Global in the 1st quarter valued at about $38,748,000. Bwcp LP boosted its position 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 buying an additional 1,319,273 shares during the last quarter. Nuveen LLC purchased a new position in Zeta Global in the 1st quarter valued at about $28,152,000. Finally, Think Investments LP purchased a new position in Zeta Global in the 1st quarter valued at about $19,126,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Trading Down 5.1%

Shares of NYSE:ZETA opened at $18.45 on Thursday. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of -97.08 and a beta of 1.29. Zeta Global Holdings Corp. has a 1-year low of $10.69 and a 1-year high of $38.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.25 and a current ratio of 3.25. The company has a 50 day moving average price of $19.57 and a 200 day moving average price of $16.02.

Analyst Ratings Changes

Several equities analysts have recently commented on ZETA shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research report on Wednesday, October 8th. Canaccord Genuity Group increased their price target on shares of Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of Zeta Global in a research note on Thursday, October 9th. DA Davidson increased their price objective on shares of Zeta Global from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, Bank of America increased their price objective on shares of Zeta Global from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.67.

About Zeta Global

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.