Jacobs Levy Equity Management Inc. Sells 1,948,818 Shares of Zeta Global Holdings Corp. $ZETA

Key Points

• Jacobs Levy Equity Management Inc. has significantly reduced its stake in Zeta Global Holdings Corp. by selling nearly 1.95 million shares, lowering its ownership by 68.7% to 888,433 shares.
• Multiple institutional investors, including Yong Rong HK Asset Management and Nuveen LLC, have made substantial new investments in Zeta Global, underscoring the stock's continued interest, with institutional investors currently holding 87.75% of the shares.
• Analysts have mixed views on Zeta Global, with some raising price targets to as high as $28.00, while others downgraded their ratings, leading to a consensus rating of "Moderate Buy" and a price target of $30.14.

Jacobs Levy Equity Management Inc. lowered its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 68.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 888,433 shares of the company's stock after selling 1,948,818 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.38% of Zeta Global worth $12,047,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Granahan Investment Management LLC raised its position in shares of Zeta Global by 28.6% during the 1st quarter. Granahan Investment Management LLC now owns 843,499 shares of the company's stock valued at $11,438,000 after buying an additional 187,797 shares in the last quarter. Bwcp LP raised its position in Zeta Global by 101.8% in the 1st quarter. Bwcp LP now owns 2,614,796 shares of the company's stock worth $35,457,000 after purchasing an additional 1,319,273 shares during the period. Advisors Asset Management Inc. raised its position in Zeta Global by 34.2% in the 1st quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company's stock worth $62,000 after purchasing an additional 1,168 shares during the period. PDT Partners LLC raised its position in Zeta Global by 673.7% in the 1st quarter. PDT Partners LLC now owns 127,665 shares of the company's stock worth $1,731,000 after purchasing an additional 111,165 shares during the period. Finally, Armistice Capital LLC purchased a new position in Zeta Global in the 1st quarter worth $7,265,000. Hedge funds and other institutional investors own 87.75% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on ZETA. Wall Street Zen cut shares of Zeta Global from a "buy" rating to a "hold" rating in a research report on Friday. Bank of America increased their price objective on Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Morgan Stanley increased their price objective 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. Zacks Research upgraded shares of Zeta Global from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 27th. Finally, 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. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Zeta Global has a consensus rating of "Moderate Buy" and an average price target of $30.14.

Zeta Global Trading Up 0.5%

Shares of NYSE ZETA traded up $0.10 during midday trading on Tuesday, hitting $18.67. 5,170,534 shares of the company traded hands, compared to its average volume of 6,976,759. 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 3.25 and a current ratio of 3.25. The stock has a 50-day moving average price of $17.20 and a 200 day moving average price of $15.04. The firm has a market cap of $4.44 billion, a P/E ratio of -98.26 and a beta of 1.30.

About Zeta Global

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.