Sugar Maple Asset Management LLC Takes Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Sugar Maple Asset Management LLC purchased a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,000 shares of the company's stock, valued at approximately $285,000.

Several other hedge funds also recently added to or reduced their stakes in ZETA. KBC Group NV boosted its holdings in shares of Zeta Global by 102.3% in the fourth quarter. KBC Group NV now owns 9,680 shares of the company's stock valued at $174,000 after acquiring an additional 4,896 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Zeta Global in the fourth quarter valued at approximately $307,000. Jennison Associates LLC boosted its holdings in shares of Zeta Global by 22.2% in the fourth quarter. Jennison Associates LLC now owns 44,018 shares of the company's stock valued at $792,000 after acquiring an additional 7,999 shares during the period. Redwood Wealth Management Group LLC acquired a new stake in shares of Zeta Global in the fourth quarter valued at approximately $638,000. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Zeta Global by 23.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 53,771 shares of the company's stock valued at $967,000 after acquiring an additional 10,382 shares during the period. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Price Performance

Zeta Global stock traded up $0.32 during midday trading on Friday, reaching $13.96. The company's stock had a trading volume of 4,073,336 shares, compared to its average volume of 5,435,054. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week high of $38.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The stock's 50 day simple moving average is $12.96 and its 200 day simple moving average is $16.80. The firm has a market capitalization of $3.29 billion, a PE ratio of -19.94, a P/E/G ratio of 1.65 and a beta of 1.25.

Analyst Ratings Changes

ZETA has been the subject of several research analyst reports. B. Riley decreased their price objective on Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Barclays decreased their price target on Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. DA Davidson decreased their price target on Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a report on Monday, April 14th. Canaccord Genuity Group decreased their price target on Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Morgan Stanley decreased their price target on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $30.36.

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.