Point72 Hong Kong Ltd Acquires New Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Point72 Hong Kong Ltd bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,857 shares of the company’s stock, valued at approximately $33,000.

Several other large investors also recently bought and sold shares of ZETA. Hodges Capital Management Inc. lifted its stake in shares of Zeta Global by 163.1% during the fourth quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock worth $7,798,000 after buying an additional 268,710 shares during the period. Barclays PLC raised its stake in Zeta Global by 36.4% in the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock worth $12,544,000 after acquiring an additional 112,238 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Zeta Global by 273.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 77,745 shares of the company’s stock worth $1,399,000 after acquiring an additional 56,910 shares during the period. Janney Capital Management LLC purchased a new stake in Zeta Global during the 4th quarter valued at about $355,000. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Zeta Global by 219.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 822,157 shares of the company’s stock valued at $14,791,000 after purchasing an additional 564,830 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Royal Bank of Canada decreased their target price on Zeta Global from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Needham & Company LLC decreased their price objective on shares of Zeta Global from $43.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. The Goldman Sachs Group dropped their price objective on shares of Zeta Global from $27.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Barclays reduced their target price on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Finally, DA Davidson lowered their price target on shares of Zeta Global from $42.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.36.

Zeta Global Stock Down 0.0%

Shares of ZETA opened at $13.93 on Friday. The firm has a market cap of $3.28 billion, a P/E ratio of -19.91, a PEG ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a 12 month low of $10.69 and a 12 month high of $38.20. The stock’s 50 day moving average is $13.27 and its two-hundred day moving average is $18.20. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

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.