Diversified Trust Co Sells 23,491 Shares of Zeta Global Holdings Corp. $ZETA

Key Points

• Diversified Trust Co reduced its stake in Zeta Global Holdings Corp by 46.1%, selling 23,491 shares and ending the quarter with 27,518 shares valued at approximately $426,000.
• Analysts have expressed a generally positive outlook on Zeta Global, with several raising their price targets and a consensus rating of "Moderate Buy" reflecting eleven buy ratings and five holds.
• Zeta Global's stock is currently trading at $21.55, representing a 2.4% decline, while it has seen a 52-week range from $10.69 to $38.20, indicating significant volatility.

Diversified Trust Co trimmed its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 46.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,518 shares of the company's stock after selling 23,491 shares during the quarter. Diversified Trust Co's holdings in Zeta Global were worth $426,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ZETA. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Zeta Global during the first quarter worth $27,000. Quarry LP lifted its position in shares of Zeta Global by 963.9% during the first quarter. Quarry LP now owns 2,181 shares of the company's stock worth $30,000 after purchasing an additional 1,976 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Zeta Global during the first quarter worth $32,000. CWM LLC increased its stake in shares of Zeta Global by 44.5% during the first quarter. CWM LLC now owns 4,106 shares of the company's stock valued at $56,000 after buying an additional 1,264 shares during the period. Finally, AlphaQuest LLC increased its stake in shares of Zeta Global by 261.1% during the first quarter. AlphaQuest LLC now owns 4,463 shares of the company's stock valued at $61,000 after buying an additional 3,227 shares during the period. 87.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. DA Davidson raised their price target on Zeta Global from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Monday. Bank of America raised their price target on Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Zacks Research upgraded Zeta Global from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 27th. Morgan Stanley raised their price target on Zeta Global from $15.00 to $20.00 and gave the company an "equal weight" rating in a research note 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 company a "neutral" rating in a research note on Thursday, August 7th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.29.

Zeta Global Stock Down 2.4%

ZETA stock opened at $21.55 on Wednesday. The firm has a 50 day moving average of $18.38 and a 200 day moving average of $15.26. The stock has a market capitalization of $5.13 billion, a PE ratio of -113.43 and a beta of 1.30. Zeta Global Holdings Corp. has a 52 week low of $10.69 and a 52 week high of $38.20. 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 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.

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