California First Leasing Corp Acquires New Position in Zeta Global Holdings Corp. (NYSE:ZETA)

California First Leasing Corp acquired a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 213,000 shares of the company's stock, valued at approximately $2,888,000. Zeta Global comprises approximately 1.3% of California First Leasing Corp's investment portfolio, making the stock its 27th largest holding. California First Leasing Corp owned about 0.09% of Zeta Global at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers bought a new stake in shares of Zeta Global in the fourth quarter valued at about $538,000. Bank of New York Mellon Corp increased its stake in shares of Zeta Global by 54.2% in the fourth quarter. Bank of New York Mellon Corp now owns 772,768 shares of the company's stock valued at $13,902,000 after buying an additional 271,562 shares during the period. US Bancorp DE boosted its holdings in Zeta Global by 246.9% in the fourth quarter. US Bancorp DE now owns 35,209 shares of the company's stock valued at $633,000 after acquiring an additional 25,059 shares during the last quarter. Rhumbline Advisers boosted its holdings in Zeta Global by 3.3% in the first quarter. Rhumbline Advisers now owns 255,647 shares of the company's stock valued at $3,467,000 after acquiring an additional 8,183 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Zeta Global by 13.4% during the 4th quarter. Alliancebernstein L.P. now owns 220,650 shares of the company's stock worth $3,969,000 after buying an additional 26,135 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. DA Davidson cut their target price on Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Canaccord Genuity Group cut their target price on Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Truist Financial lowered their price target on Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Morgan Stanley lowered their price target on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, B. Riley lowered their price target on Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $30.36.

Zeta Global Stock Performance

ZETA traded up $0.50 during trading hours on Wednesday, hitting $15.50. The stock had a trading volume of 4,623,336 shares, compared to its average volume of 6,027,892. The company's fifty day simple moving average is $13.86 and its 200 day simple moving average is $15.66. Zeta Global Holdings Corp. has a 1 year low of $10.69 and a 1 year high of $38.20. The stock has a market cap of $3.65 billion, a PE ratio of -53.44, a price-to-earnings-growth ratio of 32.73 and a beta of 1.29. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.29.

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.