Diker Management LLC Has $689,000 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 trimmed its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 74.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 50,819 shares of the company's stock after selling 149,181 shares during the quarter. Zeta Global comprises about 0.8% of Diker Management LLC's portfolio, making the stock its 16th biggest holding. Diker Management LLC's holdings in Zeta Global were worth $689,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Bartlett & CO. Wealth Management LLC acquired a new position in Zeta Global in the first quarter valued at about $27,000. Quarry LP increased its holdings in Zeta Global by 963.9% in the 1st quarter. Quarry LP now owns 2,181 shares of the company's stock valued at $30,000 after buying an additional 1,976 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Zeta Global in the 1st quarter valued at approximately $32,000. Point72 Hong Kong Ltd bought a new stake in shares of Zeta Global during the 4th quarter worth approximately $33,000. Finally, CWM LLC boosted its position in shares of Zeta Global by 44.5% during the 1st quarter. CWM LLC now owns 4,106 shares of the company's stock worth $56,000 after acquiring an additional 1,264 shares in the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on ZETA. The Goldman Sachs Group boosted their price objective on shares of Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Zacks Research raised Zeta Global from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 27th. Bank of America upped their price objective on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen cut Zeta Global from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Finally, Morgan Stanley boosted 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. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Zeta Global presently has an average rating of "Moderate Buy" and an average target price of $30.14.

Zeta Global Price Performance

ZETA stock traded down $0.04 during midday trading on Monday, reaching $20.31. 5,318,623 shares of the stock were exchanged, compared to its average volume of 6,987,415. Zeta Global Holdings Corp. has a 52 week low of $10.69 and a 52 week high of $38.20. The company has a fifty day moving average price of $17.48 and a 200 day moving average price of $15.03. 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 stock has a market capitalization of $4.83 billion, a PE ratio of -106.78 and a beta of 1.30.

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.