Pinnacle Wealth Management LLC Takes $539,000 Position in Zeta Global Holdings Corp. $ZETA

Key Points

• Pinnacle Wealth Management LLC acquired a new stake in Zeta Global Holdings Corp., purchasing 39,719 shares valued at approximately $539,000.
• Major institutional investors have increased their positions in Zeta Global, with 87.75% of the company's stock now owned by institutions.
• Research analysts have varying outlooks on Zeta Global, with target prices ranging from $24.00 to $30.14, reflecting a consensus rating of "Moderate Buy."

Pinnacle Wealth Management LLC purchased a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 39,719 shares of the company's stock, valued at approximately $539,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Optiver Holding B.V. grew its position in Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock worth $25,000 after acquiring an additional 532 shares during the last quarter. Bartlett & CO. Wealth Management LLC acquired a new position in Zeta Global during the 1st quarter worth about $27,000. Coppell Advisory Solutions LLC lifted its holdings in Zeta Global by 244.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock worth $31,000 after buying an additional 1,201 shares during the period. Banque Cantonale Vaudoise acquired a new position in Zeta Global during the 1st quarter worth about $32,000. Finally, Point72 Hong Kong Ltd acquired a new position in Zeta Global during the 4th quarter worth about $33,000. Institutional investors own 87.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ZETA shares. Needham & Company LLC cut their target price on Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Royal Bank Of Canada dropped their price objective on Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Morgan Stanley boosted 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. Bank of America boosted 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. Finally, Canaccord Genuity Group boosted their price objective on Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Zeta Global has a consensus rating of "Moderate Buy" and a consensus target price of $30.14.

Zeta Global Stock Performance

Shares of ZETA opened at $19.08 on Monday. The firm has a market capitalization of $4.54 billion, a P/E ratio of -100.42 and a beta of 1.28. 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 $15.46 and a two-hundred day moving average price of $15.26. Zeta Global Holdings Corp. has a 52 week low of $10.69 and a 52 week high of $38.20.

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.

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