Zeta Global Holdings Corp. $ZETA is Advantage Alpha Capital Partners LP's 2nd Largest Position

Key Points

• Advantage Alpha Capital Partners LP increased its stake in Zeta Global Holdings Corp. by 78.4%, owning a total of 646,217 shares worth about $8.9 million.
• Recent research reports have seen price targets for Zeta Global adjusted, with analysts giving an average target of $30.14 and a consensus rating of "Moderate Buy."
• Zeta Global stock has experienced significant price fluctuations, with a 52-week low of $10.69 and a high of $38.20, currently trading around $18.29.

Advantage Alpha Capital Partners LP grew its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 78.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 646,217 shares of the company's stock after purchasing an additional 283,972 shares during the quarter. Zeta Global makes up about 2.2% of Advantage Alpha Capital Partners LP's holdings, making the stock its 2nd largest position. Advantage Alpha Capital Partners LP owned 0.27% of Zeta Global worth $8,875,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Yong Rong HK Asset Management Ltd purchased a new position in shares of Zeta Global during the first quarter worth about $38,748,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Zeta Global during the fourth quarter worth about $51,042,000. Nuveen LLC acquired a new stake in shares of Zeta Global during the first quarter worth about $28,152,000. Northern Trust Corp boosted its stake in shares of Zeta Global by 16.0% during the fourth quarter. Northern Trust Corp now owns 2,041,040 shares of the company's stock worth $36,718,000 after buying an additional 281,251 shares during the period. Finally, Two Sigma Investments LP boosted its stake in shares of Zeta Global by 1,240.8% during the fourth quarter. Two Sigma Investments LP now owns 1,847,443 shares of the company's stock worth $33,236,000 after buying an additional 1,709,654 shares during the period. Hedge funds and other institutional investors own 87.75% of the company's stock.

Zeta Global Price Performance

Zeta Global stock traded up $1.2680 during mid-day trading on Friday, reaching $19.5580. The company had a trading volume of 8,701,320 shares, compared to its average volume of 11,233,731. 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 current ratio of 3.25 and a quick ratio of 3.25. The company has a market capitalization of $4.66 billion, a P/E ratio of -102.94 and a beta of 1.28. The stock's 50-day simple moving average is $16.06 and its 200-day simple moving average is $15.26.

Wall Street Analyst Weigh In

ZETA has been the subject of several recent research reports. Canaccord Genuity Group increased their target price on shares of Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada reduced their price objective on shares of Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Needham & Company LLC reduced 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 report on Friday, May 2nd. Bank of America raised their price objective 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. Finally, The Goldman Sachs Group raised their price objective 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 investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Zeta Global has a consensus rating of "Moderate Buy" and a consensus target price of $30.14.

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.