Hussman Strategic Advisors Inc. Raises Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Hussman Strategic Advisors Inc. raised its holdings in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 100.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 168,000 shares of the company's stock after buying an additional 84,000 shares during the quarter. Hussman Strategic Advisors Inc. owned 0.07% of Zeta Global worth $2,278,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. China Universal Asset Management Co. Ltd. increased its holdings in shares of Zeta Global by 228.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 115,000 shares of the company's stock valued at $1,559,000 after acquiring an additional 80,000 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Zeta Global during the fourth quarter valued at approximately $538,000. Yong Rong HK Asset Management Ltd bought a new stake in shares of Zeta Global during the first quarter valued at approximately $38,748,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Zeta Global during the first quarter valued at approximately $162,000. Finally, Rhumbline Advisers increased its holdings in shares of Zeta Global by 3.3% during the first quarter. Rhumbline Advisers now owns 255,647 shares of the company's stock valued at $3,467,000 after acquiring an additional 8,183 shares in the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Stock Performance

NYSE:ZETA traded down $0.28 during trading on Friday, reaching $15.62. The company's stock had a trading volume of 10,167,515 shares, compared to its average volume of 6,243,912. Zeta Global Holdings Corp. has a 12 month low of $10.69 and a 12 month high of $38.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.33 and a current ratio of 3.33. The firm has a 50 day moving average of $14.10 and a 200-day moving average of $15.49. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of -53.86, a price-to-earnings-growth ratio of 34.99 and a beta of 1.29.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ZETA. DA Davidson decreased their price objective on Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a report on Monday, April 14th. Needham & Company LLC decreased their price target on Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group decreased their price target on Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Canaccord Genuity Group decreased their price target on Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Truist Financial decreased their price target on Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $30.36.

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.