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Blueshift Asset Management LLC Reduces Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

Zeta Global logo with Business Services background

Key Points

  • Blueshift Asset Management LLC has reduced its stake in Zeta Global Holdings Corp. by 49.5% to 19,951 shares, valued at approximately $271,000.
  • China Universal Asset Management increased its position in Zeta Global by 228.6%, now owning 115,000 shares worth about $1,559,000, reflecting increased institutional interest in the company.
  • Recent analyst reports have lowered Zeta Global's target price significantly, with Needham & Company reducing it from $43.00 to $25.00, yet the stock maintains a consensus rating of "Moderate Buy".
  • Looking to export and analyze Zeta Global data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Blueshift Asset Management LLC trimmed its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 49.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,951 shares of the company's stock after selling 19,573 shares during the quarter. Blueshift Asset Management LLC's holdings in Zeta Global were worth $271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SlateStone Wealth LLC grew its position in Zeta Global by 5.8% during the first quarter. SlateStone Wealth LLC now owns 17,154 shares of the company's stock worth $233,000 after buying an additional 948 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Zeta Global during the first quarter worth about $32,000. Summit Creek Advisors LLC grew its position in Zeta Global by 33.6% during the first quarter. Summit Creek Advisors LLC now owns 1,047,677 shares of the company's stock worth $14,206,000 after buying an additional 263,451 shares in the last quarter. LPL Financial LLC grew its position in Zeta Global by 14.6% during the first quarter. LPL Financial LLC now owns 169,764 shares of the company's stock worth $2,302,000 after buying an additional 21,667 shares in the last quarter. Finally, Bastion Asset Management Inc. purchased a new position in Zeta Global during the first quarter worth about $2,883,000. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Stock Down 3.5%

ZETA stock traded down $0.71 on Thursday, reaching $19.52. 3,401,544 shares of the company traded hands, compared to its average volume of 6,734,907. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $38.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.33 and a quick ratio of 3.33. The company has a market cap of $4.60 billion, a P/E ratio of -102.59, a price-to-earnings-growth ratio of 59.20 and a beta of 1.28. The firm has a fifty day simple moving average of $14.72 and a 200-day simple moving average of $15.30.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ZETA. The Goldman Sachs Group cut their price objective on Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Truist Financial cut their price objective on Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. B. Riley dropped their target price on Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. DA Davidson dropped their target price on Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Canaccord Genuity Group increased their target price on Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $30.00.

Get Our Latest Report on Zeta Global

Zeta Global Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Zeta Global (NYSE:ZETA)

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