Petrus Trust Company LTA Makes New $209,000 Investment in Zeta Global Holdings Corp. $ZETA

Key Points

• Petrus Trust Company LTA has acquired a new position in Zeta Global Holdings, purchasing 15,379 shares valued at approximately $209,000.
• Various institutional investors significantly increased their stakes in Zeta Global, with institutions now owning 87.75% of the company's stock.
• Equities research analysts have a positive outlook on Zeta Global, with the consensus price target set at $30.14 and multiple analysts issuing "buy" ratings.

Petrus Trust Company LTA acquired a new position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 15,379 shares of the company's stock, valued at approximately $209,000.

Other large investors also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. lifted its position in Zeta Global by 228.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 115,000 shares of the company's stock valued at $1,559,000 after purchasing an additional 80,000 shares during the period. Summit Creek Advisors LLC lifted its position in Zeta Global by 33.6% during the 1st quarter. Summit Creek Advisors LLC now owns 1,047,677 shares of the company's stock valued at $14,206,000 after purchasing an additional 263,451 shares during the period. Teacher Retirement System of Texas acquired a new position in Zeta Global during the 1st quarter valued at about $360,000. Cetera Investment Advisers acquired a new position in Zeta Global during the 4th quarter valued at about $538,000. Finally, Yong Rong HK Asset Management Ltd acquired a new position in Zeta Global during the 1st quarter valued at about $38,748,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Stock Up 0.2%

Shares of NYSE:ZETA traded up $0.04 during midday trading on Monday, hitting $20.39. The stock had a trading volume of 3,946,881 shares, compared to its average volume of 6,979,305. Zeta Global Holdings Corp. has a 12 month low of $10.69 and a 12 month high of $38.20. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29. The business's 50-day simple moving average is $17.48 and its 200-day simple moving average is $15.03. The company has a market cap of $4.85 billion, a P/E ratio of -106.95 and a beta of 1.30.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ZETA shares. Wall Street Zen downgraded shares of Zeta Global from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Bank of America increased their price target 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. Zacks Research upgraded shares of Zeta Global from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 27th. Canaccord Genuity Group increased their price target on shares of Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, The Goldman Sachs Group increased their price target on shares of Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $30.14.

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.