Diker Management LLC Cuts Stock Holdings in Zeta Global Holdings Corp. $ZETA

Key Points

• Diker Management LLC significantly reduced its stake in Zeta Global Holdings Corp. by 74.6%, selling 149,181 shares and retaining 50,819 shares worth approximately $689,000.
• Investment analysts have raised their price targets for Zeta Global, with Morgan Stanley setting a new target of $20.00 and Canaccord Genuity Group increasing theirs to $28.00, reflecting a generally positive outlook.
• Institutional investors hold a majority ownership of 87.75% in Zeta Global, indicating strong institutional confidence in the company.

Diker Management LLC cut its holdings in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 74.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,819 shares of the company's stock after selling 149,181 shares during the quarter. Zeta Global makes up 0.8% of Diker Management LLC's holdings, making the stock its 16th biggest holding. Diker Management LLC's holdings in Zeta Global were worth $689,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers bought a new stake in shares of Zeta Global during the fourth quarter worth about $538,000. Deutsche Bank AG grew its holdings in shares of Zeta Global by 15.3% during the fourth quarter. Deutsche Bank AG now owns 630,854 shares of the company's stock worth $11,349,000 after purchasing an additional 83,913 shares during the last quarter. Ensign Peak Advisors Inc grew its holdings in shares of Zeta Global by 199.0% during the fourth quarter. Ensign Peak Advisors Inc now owns 124,100 shares of the company's stock worth $2,233,000 after purchasing an additional 82,600 shares during the last quarter. Graham Capital Management L.P. grew its holdings in shares of Zeta Global by 657.4% during the fourth quarter. Graham Capital Management L.P. now owns 73,986 shares of the company's stock worth $1,331,000 after purchasing an additional 64,218 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Zeta Global by 14.0% during the fourth quarter. Janus Henderson Group PLC now owns 88,872 shares of the company's stock worth $1,599,000 after purchasing an additional 10,900 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ZETA has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Morgan Stanley lifted their price objective 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. Zacks Research raised Zeta Global from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 27th. Canaccord Genuity Group lifted their price objective on Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group lifted their price objective on Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Zeta Global presently has an average rating of "Moderate Buy" and an average target price of $30.14.

Zeta Global Stock Down 1.7%

Shares of NYSE ZETA traded down $0.35 during midday trading on Friday, hitting $20.42. 6,493,778 shares of the stock traded hands, compared to its average volume of 6,909,196. The company has a market cap of $4.86 billion, a PE ratio of -107.45 and a beta of 1.30. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $38.20. The business has a 50 day moving average price of $17.48 and a two-hundred day moving average price of $15.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.25 and a current ratio of 3.25.

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.