Cetera Investment Advisers Sells 15,527 Shares of 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 decreased its position 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. 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 SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Yong Rong HK Asset Management Ltd bought a new stake in shares of Zeta Global in the first quarter valued at approximately $38,748,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Zeta Global in the fourth quarter valued at approximately $51,042,000. Northern Trust Corp boosted its stake in shares of Zeta Global by 16.0% in the fourth quarter. Northern Trust Corp now owns 2,041,040 shares of the company's stock valued at $36,718,000 after buying an additional 281,251 shares during the period. Two Sigma Investments LP boosted 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 valued at $33,236,000 after buying an additional 1,709,654 shares during the period. Finally, Two Sigma Advisers LP bought a new stake in shares of Zeta Global in the fourth quarter valued at approximately $32,571,000. Institutional investors and hedge funds own 87.75% of the company's stock.

Analyst Ratings Changes

ZETA has been the subject of several recent research reports. Royal Bank Of Canada cut their price target on Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wall Street Zen upgraded Zeta Global from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Needham & Company LLC cut their target price on Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Morgan Stanley upped their target price on Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Finally, Bank of America increased their price target on Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $30.14.

Zeta Global Price Performance

Shares of ZETA traded down $0.00 during trading hours on Tuesday, reaching $19.70. The stock had a trading volume of 4,184,050 shares, compared to its average volume of 7,011,791. 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 capitalization of $4.69 billion, a PE ratio of -103.67 and a beta of 1.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.25 and a current ratio of 3.25. The company's 50-day moving average is $16.21 and its two-hundred day moving average is $15.25.

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.