Deutsche Bank AG Has $5.96 Million Holdings in Zeta Global Holdings Corp. $ZETA

Key Points

• Deutsche Bank AG reduced its position in Zeta Global Holdings Corp. by 30.3%, now holding approximately 0.18% of the company, valued at $5.96 million.
• Analysts have mixed opinions on Zeta Global, with price target reductions from firms like Royal Bank of Canada and Needham & Company, while others like Bank of America have increased their targets.
• Despite recent challenges, Zeta Global's stock currently has a consensus rating of "Moderate Buy" from investment analysts, with an average price target of $30.14.

Deutsche Bank AG trimmed its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 30.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 439,765 shares of the company's stock after selling 191,089 shares during the quarter. Deutsche Bank AG owned about 0.18% of Zeta Global worth $5,963,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Yong Rong HK Asset Management Ltd acquired a new position in Zeta Global during the 1st quarter valued at approximately $38,748,000. Jacobs Levy Equity Management Inc. acquired a new position in Zeta Global during the 4th quarter valued at approximately $51,042,000. Northern Trust Corp raised its holdings in shares of Zeta Global by 16.0% during 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 last quarter. Two Sigma Investments LP raised its holdings in shares of Zeta Global by 1,240.8% during 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 last quarter. Finally, Oberweis Asset Management Inc. raised its holdings in shares of Zeta Global by 14.7% during the fourth quarter. Oberweis Asset Management Inc. now owns 1,840,040 shares of the company's stock valued at $33,102,000 after buying an additional 235,910 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

Analysts Set New Price Targets

ZETA has been the topic of a number of recent analyst reports. Bank of America lifted their price target on Zeta Global from $20.00 to $24.00 and gave the company 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 company an "equal weight" rating in a research note on Wednesday, August 6th. Canaccord Genuity Group raised their price objective on shares of Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. B. Riley lowered their price objective on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Royal Bank Of Canada lowered their price objective on shares of Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.14.

Zeta Global Trading Down 6.2%

Zeta Global stock traded down $1.1820 during midday trading on Wednesday, reaching $17.8280. The stock had a trading volume of 7,601,156 shares, compared to its average volume of 7,012,565. The firm's fifty day simple moving average is $15.70 and its two-hundred day simple moving average is $15.30. Zeta Global Holdings Corp. has a twelve month low of $10.69 and a twelve month 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 $4.24 billion, a price-to-earnings ratio of -93.83 and a beta of 1.28.

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.