Algert Global LLC Increases Stock Position in Zeta Global Holdings Corp. $ZETA

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

A number of other hedge funds 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 worth $38,748,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Zeta Global during the fourth quarter worth approximately $51,042,000. Nuveen LLC bought a new stake in Zeta Global during the 1st quarter valued at $28,152,000. Two Sigma Advisers LP purchased a new stake in Zeta Global in the fourth quarter worth about $32,571,000. Finally, Two Sigma Investments LP lifted its position 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 purchasing 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 Trading Down 0.0%

Shares of NYSE ZETA traded down $0.00 during trading on Tuesday, hitting $19.70. 4,188,599 shares of the company were exchanged, compared to its average volume of 7,011,861. The company has a fifty day moving average price of $16.21 and a 200-day moving average price of $15.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.25 and a current ratio of 3.25. The firm has a market capitalization of $4.69 billion, a PE ratio of -103.67 and a beta of 1.28. Zeta Global Holdings Corp. has a 12-month low of $10.69 and a 12-month high of $38.20.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ZETA shares. Royal Bank Of Canada lowered their target price on shares of Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. The Goldman Sachs Group upped their price objective on shares of Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Bank of America lifted their price target on Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. 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. Finally, Wall Street Zen raised shares of Zeta Global from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Zeta Global currently 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.