Fortress Investment Group LLC Makes New Investment in Zeta Global Holdings Corp. $ZETA

Key Points

• Fortress Investment Group bought a new position of 500,000 shares of Zeta Global in Q3, valued at about $9.935 million, making ZETA roughly 1.3% of Fortress’s portfolio and its 16th-largest holding.
• Zeta Global trades with a market cap of $4.35 billion and a negative trailing P/E of -118.77, with a 12‑month range of $10.69 to $24.90.
• Analysts maintain a consensus “Moderate Buy” rating with a consensus price target of $29 (nine Buy, three Hold, one Sell); notable moves include Bank of America raising its target to $30 and Citigroup initiating coverage with a Buy at $26.

Fortress Investment Group LLC bought a new position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 500,000 shares of the company's stock, valued at approximately $9,935,000. Zeta Global comprises about 1.3% of Fortress Investment Group LLC's investment portfolio, making the stock its 16th biggest holding. Fortress Investment Group LLC owned about 0.21% of Zeta Global at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ZETA. Binnacle Investments Inc purchased a new position in Zeta Global during the 3rd quarter valued at approximately $30,000. Farther Finance Advisors LLC boosted its position in shares of Zeta Global by 124.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,842 shares of the company's stock valued at $37,000 after acquiring an additional 1,023 shares during the last quarter. Traub Capital Management LLC bought a new position in shares of Zeta Global during the 2nd quarter valued at approximately $50,000. SBI Securities Co. Ltd. grew its holdings in shares of Zeta Global by 58.3% in the second quarter. SBI Securities Co. Ltd. now owns 3,368 shares of the company's stock valued at $52,000 after purchasing an additional 1,241 shares in the last quarter. Finally, Game Plan Financial Advisors LLC purchased a new position in shares of Zeta Global in the third quarter valued at $55,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Price Performance

ZETA stock opened at $17.82 on Monday. The stock has a market cap of $4.35 billion, a PE ratio of -118.77, a P/E/G ratio of 2.09 and a beta of 1.28. Zeta Global Holdings Corp. has a 12 month low of $10.69 and a 12 month high of $24.90. The company has a 50-day moving average price of $18.92 and a 200 day moving average price of $19.02. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Citigroup started coverage on shares of Zeta Global in a research note on Friday, November 21st. They set a "buy" rating and a $26.00 price target on the stock. Wall Street Zen downgraded shares of Zeta Global from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Needham & Company LLC restated a "buy" rating on shares of Zeta Global in a research report on Tuesday, November 25th. Bank of America increased their price target on shares of Zeta Global from $28.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, November 25th. Finally, UBS Group set a $29.00 price target on Zeta Global in a research report on Tuesday, November 25th. Nine analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.00.

Zeta Global Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm's mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta's offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.

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