SCS Capital Management LLC Invests $674,000 in 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 acquired a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 49,691 shares of the company's stock, valued at approximately $674,000.

Other institutional investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in Zeta Global in the 4th quarter valued at $33,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Zeta Global during the 1st quarter worth $27,000. Quarry LP grew its stake in shares of Zeta Global by 963.9% during the 1st quarter. Quarry LP now owns 2,181 shares of the company's stock worth $30,000 after acquiring an additional 1,976 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of Zeta Global during the 1st quarter worth $32,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Zeta Global during the 4th quarter worth $66,000. Institutional investors own 87.75% of the company's stock.

Zeta Global Trading Down 1.7%

ZETA traded down $0.35 on Friday, hitting $20.42. 6,493,778 shares of the company were exchanged, compared to its average volume of 6,909,196. The firm has a fifty day simple moving average of $17.48 and a two-hundred day simple moving average of $15.05. 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 12 month low of $10.69 and a 12 month high of $38.20. The stock has a market capitalization of $4.86 billion, a PE ratio of -107.45 and a beta of 1.30.

Wall Street Analyst Weigh In

ZETA has been the subject of several research reports. Canaccord Genuity Group increased their price target on Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Zacks Research raised Zeta Global from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 27th. Bank of America increased their price objective on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen cut Zeta Global from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Finally, The Goldman Sachs Group raised their price target on Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently 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.