American Century Companies Inc. Boosts Stake in Zeta Global Holdings Corp. $ZETA

Key Points

• American Century Companies Inc. increased its stake in Zeta Global Holdings Corp. by 146.1% during the 1st quarter, acquiring an additional 26,858 shares and bringing its total holdings to 45,245 shares worth approximately $614,000.
• A number of brokerages have recently upgraded their ratings and price targets for Zeta Global, with Bank of America raising its target from $20.00 to $24.00 and Canaccord Genuity increasing it from $26.00 to $28.00.
• Zeta Global's shares were trading at $18.69, reflecting a 0.4% decline, while the company has a market capitalization of $4.45 billion and a P/E ratio of -98.36.

American Century Companies Inc. increased its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 146.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,245 shares of the company's stock after acquiring an additional 26,858 shares during the period. American Century Companies Inc.'s holdings in Zeta Global were worth $614,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in Zeta Global during the fourth quarter worth about $33,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Zeta Global during the first quarter worth about $27,000. Banque Cantonale Vaudoise acquired a new stake in Zeta Global in the first quarter valued at approximately $32,000. Heck Capital Advisors LLC acquired a new stake in Zeta Global in the fourth quarter valued at approximately $66,000. Finally, CWM LLC grew its holdings in Zeta Global by 44.5% in the first quarter. CWM LLC now owns 4,106 shares of the company's stock valued at $56,000 after purchasing an additional 1,264 shares during the period. 87.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on ZETA. The Goldman Sachs Group raised their price objective on Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Morgan Stanley raised their price objective on Zeta Global from $15.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Bank of America raised their price objective on Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Canaccord Genuity Group boosted their price target on Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Zacks Research upgraded Zeta Global from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 27th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $30.14.

Zeta Global Trading Up 3.4%

Zeta Global stock traded up $0.64 during trading on Wednesday, reaching $19.34. 2,439,199 shares of the company were exchanged, compared to its average volume of 6,938,680. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week high of $38.20. The company has a market capitalization of $4.60 billion, a P/E ratio of -101.78 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 50 day simple moving average is $17.20 and its two-hundred day simple moving average is $15.04.

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.