Petrus Trust Company LTA Purchases New Stake 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 purchased a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,379 shares of the company's stock, valued at approximately $209,000.

Several other institutional investors also recently bought and sold shares of ZETA. Yong Rong HK Asset Management Ltd purchased a new position in Zeta Global during the first quarter valued at approximately $38,748,000. Nuveen LLC acquired a new position in Zeta Global in the 1st quarter valued at $28,152,000. Two Sigma Advisers LP acquired a new stake in shares of Zeta Global in the 4th quarter worth $32,571,000. Two Sigma Investments LP increased its stake in shares of Zeta Global by 1,240.8% in the 4th quarter. Two Sigma Investments LP now owns 1,847,443 shares of the company's stock worth $33,236,000 after acquiring an additional 1,709,654 shares during the last quarter. Finally, Man Group plc acquired a new stake in shares of Zeta Global in the 4th quarter worth $28,011,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Stock Performance

Shares of NYSE:ZETA traded down $0.35 during trading on Friday, reaching $20.42. The company had a trading volume of 6,493,778 shares, compared to its average volume of 6,909,196. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of -107.45 and a beta of 1.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.25 and a quick ratio of 3.25. The stock's fifty day moving average price is $17.48 and its 200 day moving average price is $15.06. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week high of $38.20.

Wall Street Analysts Forecast Growth

ZETA has been the subject of a number of research analyst reports. Bank of America increased their price target on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Canaccord Genuity Group lifted their price objective on Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Morgan Stanley boosted their target price on Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Wall Street Zen lowered Zeta Global from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Finally, The Goldman Sachs Group lifted their price target on Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Zeta Global currently has a consensus rating of "Moderate Buy" and an average price target 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.