Zeta Global Holdings Corp. (NYSE:ZETA) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in Zeta Global Holdings Corp. by 53.5%, owning 541,891 shares after acquiring an additional 188,873 shares during the first quarter.
• Approximately 87.75% of Zeta Global's stock is owned by hedge funds and institutional investors, indicating strong institutional interest.
• Brokerages have mixed views on Zeta Global, with price targets ranging from $24.00 to $30.14 and a consensus rating of "Moderate Buy."

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 53.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 541,891 shares of the company's stock after purchasing an additional 188,873 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.23% of Zeta Global worth $7,348,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in ZETA. American Century Companies Inc. purchased a new position in shares of Zeta Global during the fourth quarter worth about $331,000. Alliancebernstein L.P. grew its holdings in shares of Zeta Global by 13.4% during the fourth 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 during the last quarter. Cerity Partners LLC grew its holdings in shares of Zeta Global by 111.6% during the fourth quarter. Cerity Partners LLC now owns 17,417 shares of the company's stock worth $313,000 after buying an additional 9,186 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Zeta Global by 26.0% during the fourth quarter. Legal & General Group Plc now owns 203,164 shares of the company's stock worth $3,655,000 after buying an additional 41,866 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in shares of Zeta Global by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company's stock worth $336,000 after buying an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 87.75% of the company's stock.

Zeta Global Price Performance

Shares of ZETA stock traded down $0.11 during midday trading on Wednesday, reaching $18.42. 8,504,003 shares of the company traded hands, compared to its average volume of 11,930,026. The firm's 50 day simple moving average is $15.27 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 debt-to-equity ratio of 0.29, a current ratio of 3.25 and a quick ratio of 3.25. The firm has a market cap of $4.34 billion, a PE ratio of -96.95 and a beta of 1.28.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ZETA shares. B. Riley lowered their price target on Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Needham & Company LLC lowered their price target on Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Morgan Stanley raised their price target on Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Canaccord Genuity Group raised their price target on Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group raised their price target on Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Zeta Global presently has an average rating of "Moderate Buy" and a consensus price target of $30.14.

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.