Charles Schwab Investment Management Inc. Has $24.26 Million Stock Position in Zeta Global Holdings Corp. $ZETA

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Zeta Global Holdings Corp. by 2.7%, owning approximately 1,788,769 shares valued at $24.26 million after selling 50,426 shares in the first quarter.
• Several institutional investors, including Optiver Holding B.V. and Coppell Advisory Solutions LLC, have made significant changes to their positions in Zeta Global, with 87.75% of the stock now owned by hedge funds and other institutions.
• Zeta Global's stock has seen a price increase forecast, with analysts setting a consensus target price of $30.14, indicating a generally positive outlook from 11 analysts rating it a "Buy."

Charles Schwab Investment Management Inc. reduced its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,788,769 shares of the company's stock after selling 50,426 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.75% of Zeta Global worth $24,256,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ZETA. Optiver Holding B.V. grew its holdings in shares of Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock worth $25,000 after purchasing an additional 532 shares in the last quarter. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Zeta Global during the 1st quarter worth $27,000. Coppell Advisory Solutions LLC grew its holdings in shares of Zeta Global by 244.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock worth $31,000 after purchasing an additional 1,201 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Zeta Global during the 1st quarter worth $32,000. Finally, Point72 Hong Kong Ltd bought a new position in Zeta Global in the fourth quarter valued at about $33,000. 87.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZETA has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their target price on Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Morgan Stanley lifted their target price on Zeta Global from $15.00 to $20.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Canaccord Genuity Group lifted their target price on Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada decreased their target price on Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, Needham & Company LLC decreased their target price on Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.14.

Zeta Global Trading Up 6.9%

Shares of ZETA stock traded up $1.2680 during mid-day trading on Friday, reaching $19.5580. 8,701,320 shares of the stock traded hands, compared to its average volume of 11,066,294. The stock's fifty day simple moving average is $16.06 and its two-hundred day simple moving average is $15.30. Zeta Global Holdings Corp. has a 1-year low of $10.69 and a 1-year high of $38.20. The company has a market cap of $4.66 billion, a price-to-earnings ratio of -102.94 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.