LPL Financial LLC Grows Position in Zeta Global Holdings Corp. $ZETA

Key Points

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LPL Financial LLC increased its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 14.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,764 shares of the company's stock after purchasing an additional 21,667 shares during the period. LPL Financial LLC owned 0.07% of Zeta Global worth $2,302,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ZETA. China Universal Asset Management Co. Ltd. raised its holdings in 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 during the period. Teacher Retirement System of Texas purchased a new stake in shares of Zeta Global during the first quarter worth about $360,000. Cetera Investment Advisers bought a new stake in Zeta Global during the 4th quarter valued at approximately $538,000. Yong Rong HK Asset Management Ltd bought a new stake in Zeta Global during the 1st quarter valued at approximately $38,748,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Zeta Global in the 1st quarter worth approximately $162,000. Institutional investors own 87.75% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ZETA. Canaccord Genuity Group increased their price objective on shares of Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. The Goldman Sachs Group increased their price objective on shares of Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Bank of America lifted their target price on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Needham & Company LLC decreased their target price on Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada cut their price target on Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Zeta Global currently has an average rating of "Moderate Buy" and an average target price of $30.14.

Zeta Global Trading Up 0.7%

NYSE ZETA traded up $0.1210 during trading hours on Thursday, hitting $18.2910. 5,153,731 shares of the company were exchanged, compared to its average volume of 7,027,715. Zeta Global Holdings Corp. has a 52 week low of $10.69 and a 52 week high of $38.20. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $15.80 and a 200 day moving average price of $15.32. The stock has a market cap of $4.35 billion, a PE ratio of -96.27 and a beta of 1.28.

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.