Legato Capital Management LLC Sells 52,933 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Legato Capital Management LLC trimmed its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 51.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,633 shares of the company's stock after selling 52,933 shares during the quarter. Legato Capital Management LLC's holdings in Zeta Global were worth $673,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Yong Rong HK Asset Management Ltd acquired a new stake in Zeta Global during the 1st quarter worth approximately $38,748,000. Jacobs Levy Equity Management Inc. bought a new stake in Zeta Global during the 4th quarter worth $51,042,000. Norges Bank acquired a new stake in shares of Zeta Global in the fourth quarter valued at about $43,236,000. Renaissance Technologies LLC increased its stake in shares of Zeta Global by 98.8% in the fourth quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company's stock valued at $84,909,000 after buying an additional 2,345,562 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Zeta Global by 119.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock valued at $74,285,000 after purchasing an additional 2,244,953 shares during the period. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Stock Up 1.0%

Shares of ZETA stock traded up $0.17 during midday trading on Friday, reaching $16.06. 5,328,953 shares of the stock were exchanged, compared to its average volume of 9,408,306. Zeta Global Holdings Corp. has a 1 year low of $10.69 and a 1 year high of $38.20. The company's 50 day moving average is $14.26 and its two-hundred day moving average is $15.40. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.29. The firm has a market cap of $3.78 billion, a PE ratio of -55.36, a price-to-earnings-growth ratio of 42.34 and a beta of 1.29.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ZETA. Needham & Company LLC dropped their price objective on Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. The Goldman Sachs Group reduced their target price on Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, May 5th. B. Riley dropped their target price on Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. DA Davidson dropped their target price on Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Canaccord Genuity Group lowered their price objective on Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.