Caitong International Asset Management Co. Ltd Raises Stock Holdings in Zeta Global Holdings Corp. $ZETA

Key Points

• Caitong International Asset Management Co. Ltd significantly increased its stake in Zeta Global Holdings Corp by 1,751,700%, bringing their total holdings to 17,518 shares worth approximately $271,000.
• A number of other institutional investors have also increased their positions in Zeta Global, indicating growing interest in the stock among hedge funds, which now own 87.75% of the shares.
• Zeta Global's stock has received several upgrades from analysts, with target prices raised by firms like Bank of America and Canaccord Genuity, reflecting a general consensus of a "Moderate Buy" with an average target price of $28.67.

Caitong International Asset Management Co. Ltd lifted its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 1,751,700.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,518 shares of the company's stock after buying an additional 17,517 shares during the quarter. Caitong International Asset Management Co. Ltd's holdings in Zeta Global were worth $271,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in Zeta Global in the 1st quarter valued at about $350,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Zeta Global by 25.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,743 shares of the company's stock valued at $200,000 after acquiring an additional 2,948 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Zeta Global by 32.2% in the first quarter. Janney Montgomery Scott LLC now owns 102,781 shares of the company's stock worth $1,394,000 after acquiring an additional 25,036 shares during the last quarter. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Zeta Global in the first quarter worth approximately $27,000. Finally, Cavalier Investments LLC purchased a new stake in shares of Zeta Global during the first quarter worth approximately $2,735,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Stock Performance

Shares of ZETA stock opened at $18.65 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.25 and a current ratio of 3.25. Zeta Global Holdings Corp. has a 1 year low of $10.69 and a 1 year high of $38.20. The stock's 50-day moving average is $19.58 and its two-hundred day moving average is $16.06. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of -98.18 and a beta of 1.29.

Analyst Upgrades and Downgrades

ZETA has been the subject of a number of research reports. Bank of America upped their target price on shares of Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Canaccord Genuity Group upped their price objective on shares of Zeta Global from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, October 1st. Truist Financial raised their target price on shares of Zeta Global from $34.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. The Goldman Sachs Group upped their price target on Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Finally, Zacks Research raised Zeta Global from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 27th. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $28.67.

About Zeta Global

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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