Intech Investment Management LLC Raises Holdings in Zeta Global Holdings Corp. $ZETA

Key Points

• Intech Investment Management LLC increased its holdings in Zeta Global Holdings Corp. by 71.0%, owning 142,060 shares worth approximately $1.93 million at the end of the first quarter.
• China Universal Asset Management also significantly raised its stake by 228.6%, with other investors like Summit Creek Advisors and Teacher Retirement System of Texas increasing their holdings or initiating new positions in Zeta Global.
• Zeta Global has a market capitalization of $4.86 billion and, despite a P/E ratio of -107.47, Eleven research analysts have rated the stock with a Buy rating as well as a consensus target price of $30.14.

Intech Investment Management LLC lifted its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 71.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,060 shares of the company's stock after buying an additional 58,976 shares during the period. Intech Investment Management LLC owned about 0.06% of Zeta Global worth $1,926,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. China Universal Asset Management Co. Ltd. raised its stake in shares of Zeta Global by 228.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 115,000 shares of the company's stock worth $1,559,000 after buying an additional 80,000 shares in the last quarter. Summit Creek Advisors LLC raised its stake in shares of Zeta Global by 33.6% during the 1st quarter. Summit Creek Advisors LLC now owns 1,047,677 shares of the company's stock worth $14,206,000 after buying an additional 263,451 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Zeta Global during the 1st quarter worth approximately $360,000. Cetera Investment Advisers purchased a new position in shares of Zeta Global during the 4th quarter worth approximately $538,000. Finally, Yong Rong HK Asset Management Ltd purchased a new position in shares of Zeta Global during the 1st quarter worth approximately $38,748,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Trading Up 0.2%

Shares of ZETA opened at $20.42 on Wednesday. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $4.86 billion, a P/E ratio of -107.47 and a beta of 1.30. The stock's fifty day simple moving average is $17.69 and its 200 day simple moving average is $15.09. Zeta Global Holdings Corp. has a twelve month low of $10.69 and a twelve month high of $38.20.

Wall Street Analysts Forecast Growth

ZETA has been the subject of a number of analyst reports. The Goldman Sachs Group increased their target price on Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Bank of America upped their price target on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen cut Zeta Global from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Zacks Research upgraded Zeta Global from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 27th. Finally, Morgan Stanley upped their price target on Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Zeta Global currently has an average rating of "Moderate Buy" and a consensus target price of $30.14.

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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