Cetera Investment Advisers Decreases Stock Position in Zeta Global Holdings Corp. $ZETA

Key Points

• Cetera Investment Advisers has reduced its stake in Zeta Global Holdings Corp. by 51.9%, selling 15,527 shares to leave it with 14,393 shares valued at $195,000.
• Other hedge funds have also made significant changes in their positions, with companies like Optiver Holding B.V. increasing its stake by 60.9% during the fourth quarter.
• Despite these shifts, several analysts have upgraded their ratings for Zeta Global, with Bank of America raising its price target from $20 to $24 and classifying the stock as a "buy."

Cetera Investment Advisers cut its holdings in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 51.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,393 shares of the company's stock after selling 15,527 shares during the quarter. Cetera Investment Advisers' holdings in Zeta Global were worth $195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ZETA. Yong Rong HK Asset Management Ltd bought a new stake in shares of Zeta Global in the first quarter worth about $38,748,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Zeta Global in the fourth quarter worth about $51,042,000. Two Sigma Advisers LP bought a new stake in shares of Zeta Global in the fourth quarter worth about $32,571,000. Two Sigma Investments LP grew its stake in shares of Zeta Global by 1,240.8% in the fourth quarter. Two Sigma Investments LP now owns 1,847,443 shares of the company's stock worth $33,236,000 after purchasing an additional 1,709,654 shares during the last quarter. Finally, Man Group plc bought a new stake in shares of Zeta Global in the fourth quarter worth about $28,011,000. 87.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on ZETA. Canaccord Genuity Group raised their price objective on shares of Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Morgan Stanley raised their price objective on shares of Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. The Goldman Sachs Group raised their price objective on shares of Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Wall Street Zen upgraded shares of Zeta Global from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Bank of America raised their price objective 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. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Zeta Global presently has an average rating of "Moderate Buy" and an average price target of $30.14.

Zeta Global Stock Down 1.7%

Shares of ZETA stock traded down $0.34 during trading hours on Thursday, hitting $19.58. 5,982,463 shares of the company's stock traded hands, compared to its average volume of 11,283,321. The stock's fifty day simple moving average is $16.63 and its two-hundred day simple moving average is $15.30. Zeta Global Holdings Corp. has a 12-month low of $10.69 and a 12-month high of $38.20. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of -103.05 and a beta of 1.28. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29.

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.