SCS Capital Management LLC Acquires Shares of 49,691 Zeta Global Holdings Corp. $ZETA

Key Points

• SCS Capital Management LLC has invested approximately $674,000 in Zeta Global Holdings Corp., acquiring 49,691 shares of the company during the first quarter.
• Analysts have mixed ratings on Zeta Global, with eleven ratings as "Buy" and five as "Hold", and the stock has a consensus target price of $30.14.
• Zeta Global’s market capitalization stands at $4.48 billion, and its shares are currently trading around $18.82.

SCS Capital Management LLC bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 49,691 shares of the company's stock, valued at approximately $674,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC acquired a new stake in Zeta Global in the first quarter valued at approximately $27,000. Quarry LP boosted its position in shares of Zeta Global by 963.9% during the first quarter. Quarry LP now owns 2,181 shares of the company's stock valued at $30,000 after buying an additional 1,976 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Zeta Global during the first quarter worth $32,000. Point72 Hong Kong Ltd bought a new stake in Zeta Global during the fourth quarter worth $33,000. Finally, CWM LLC raised its stake in shares of Zeta Global by 44.5% in the first quarter. CWM LLC now owns 4,106 shares of the company's stock valued at $56,000 after buying an additional 1,264 shares during the period. Institutional investors and hedge funds own 87.75% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ZETA. The Goldman Sachs Group lifted their price target on Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Wall Street Zen lowered Zeta Global from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. Bank of America upped their target price on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Canaccord Genuity Group upped their target price on Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, 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 report on Wednesday, August 6th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.14.

Zeta Global Stock Performance

NYSE ZETA traded down $0.20 on Tuesday, hitting $20.18. 1,907,502 shares of the company traded hands, compared to its average volume of 6,972,693. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of -106.29 and a beta of 1.30. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.29. The business's 50 day moving average price is $17.58 and its 200-day moving average price is $15.06. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week high of $38.20.

Zeta Global 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.