Bastion Asset Management Inc. Acquires Shares of 203,456 Zeta Global Holdings Corp. (NYSE:ZETA)

Key Points

• Bastion Asset Management Inc. has acquired 203,456 shares of Zeta Global Holdings Corp., valued at approximately $2.88 million, representing a 0.09% ownership stake.
• Several other institutional investors have also adjusted their holdings in Zeta Global, indicating strong interest as 87.75% of the company's stock is owned by these investors.
• Brokerages have lowered their target prices for Zeta Global, with the average target now at $30.36, while the stock holds a consensus rating of "Moderate Buy."

Bastion Asset Management Inc. bought a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 203,456 shares of the company's stock, valued at approximately $2,883,000. Bastion Asset Management Inc. owned approximately 0.09% of Zeta Global as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Royce & Associates LP increased its stake in shares of Zeta Global by 169.4% in the first quarter. Royce & Associates LP now owns 237,028 shares of the company's stock worth $3,214,000 after buying an additional 149,028 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Zeta Global during the first quarter worth about $542,000. Hussman Strategic Advisors Inc. grew its stake in Zeta Global by 100.0% in the first quarter. Hussman Strategic Advisors Inc. now owns 168,000 shares of the company's stock worth $2,278,000 after purchasing an additional 84,000 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Zeta Global during the first quarter valued at approximately $426,000. Finally, CWM LLC lifted its holdings in Zeta Global by 44.5% during the 1st quarter. CWM LLC now owns 4,106 shares of the company's stock worth $56,000 after buying an additional 1,264 shares during the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group lowered their price target on Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a report on Friday, May 2nd. 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. B. Riley decreased their price target on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group dropped their price objective on shares of Zeta Global from $27.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, DA Davidson decreased their target price on Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $30.36.

Zeta Global Stock Up 0.3%

ZETA stock traded up $0.05 during trading on Monday, reaching $16.09. 5,038,942 shares of the company's stock were exchanged, compared to its average volume of 8,931,567. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.29. Zeta Global Holdings Corp. has a 1-year low of $10.69 and a 1-year high of $38.20. The company's fifty day moving average price is $14.31 and its 200-day moving average price is $15.35.

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.