Zeta Global Holdings Corp. $ZETA Position Boosted by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in Zeta Global Holdings Corp. by 38.6% during the first quarter, bringing its total holdings to 82,026 shares valued at approximately $1.11 million.
• Zeta Global's stock has recently seen a 6.9% increase in value, with a current price of $19.56 and a market cap of $4.66 billion.
• Several analyst firms have raised their price targets for Zeta Global, with Canaccord Genuity increasing their target from $26.00 to $28.00 and giving it a "buy" rating, reflecting a generally positive outlook for the stock.

Algert Global LLC lifted its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 38.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,026 shares of the company's stock after acquiring an additional 22,850 shares during the period. Algert Global LLC's holdings in Zeta Global were worth $1,112,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in Zeta Global by 146.1% during the first quarter. American Century Companies Inc. now owns 45,245 shares of the company's stock valued at $614,000 after purchasing an additional 26,858 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Zeta Global in the 1st quarter valued at about $1,425,000. Nuveen LLC acquired a new position in shares of Zeta Global in the 1st quarter valued at about $28,152,000. Virtu Financial LLC bought a new stake in shares of Zeta Global during the 1st quarter valued at about $551,000. Finally, Invesco Ltd. boosted its stake in Zeta Global by 47.3% in the first quarter. Invesco Ltd. now owns 157,642 shares of the company's stock valued at $2,138,000 after acquiring an additional 50,622 shares during the period. Institutional investors and hedge funds own 87.75% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. The Goldman Sachs Group increased 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. Bank of America increased their target price on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Canaccord Genuity Group raised their target price on Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen raised shares of Zeta Global from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Morgan Stanley increased their price objective on shares of Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $30.14.

Zeta Global Price Performance

ZETA traded down $0.57 during trading on Thursday, reaching $19.35. The stock had a trading volume of 2,299,790 shares, compared to its average volume of 6,981,144. The stock has a 50 day moving average of $16.49 and a two-hundred day moving average of $15.31. 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 firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of -101.95 and a beta of 1.28. Zeta Global Holdings Corp. has a 1-year low of $10.69 and a 1-year high of $38.20.

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.