Jump Financial LLC Sells 276,556 Shares of Zeta Global Holdings Corp. $ZETA

Jump Financial LLC cut its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 91.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,976 shares of the company's stock after selling 276,556 shares during the quarter. Jump Financial LLC's holdings in Zeta Global were worth $366,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Yong Rong HK Asset Management Ltd bought a new stake in shares of Zeta Global in the 1st quarter valued at about $38,748,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Zeta Global in the 4th quarter valued at approximately $51,042,000. Nuveen LLC acquired a new position in shares of Zeta Global in the 1st quarter valued at approximately $28,152,000. Northern Trust Corp grew its position in shares of Zeta Global by 16.0% in the 4th quarter. Northern Trust Corp now owns 2,041,040 shares of the company's stock valued at $36,718,000 after purchasing an additional 281,251 shares during the period. Finally, Two Sigma Investments LP grew its position in shares of Zeta Global by 1,240.8% in the 4th quarter. Two Sigma Investments LP now owns 1,847,443 shares of the company's stock valued at $33,236,000 after purchasing an additional 1,709,654 shares during the period. 87.75% of the stock is owned by institutional investors.

Zeta Global Price Performance

Shares of NYSE ZETA traded up $0.25 during mid-day trading on Friday, reaching $18.93. The company had a trading volume of 6,621,031 shares, compared to its average volume of 6,988,653. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.25 and a current ratio of 3.25. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $38.20. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of -99.62 and a beta of 1.30. The business's 50-day simple moving average is $16.99 and its 200 day simple moving average is $15.18.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ZETA. Zacks Research upgraded Zeta Global from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 27th. Wall Street Zen raised Zeta Global from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. 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 report on Wednesday, August 6th. 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 report on Wednesday, August 6th. Finally, Canaccord Genuity Group raised their price target on Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Zeta Global has an average rating of "Moderate Buy" and an average price target of $30.14.

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.