Swiss National Bank Decreases Stock Holdings in Zeta Global Holdings Corp. $ZETA

Key Points

• The Swiss National Bank reduced its stake in Zeta Global Holdings Corp. by 7.8%, owning 350,000 shares worth approximately $4.75 million as of the latest SEC filing.
• Zeta Global has seen increased investments from several hedge funds, with significant boosts from Optiver Holding (60.9%) and Coppell Advisory Solutions (244.1%) in the last quarter.
• Analysts have varying opinions on Zeta Global's stock, with eleven analysts rating it as a Buy and a target price averaging around $30.14, despite some firms decreasing their price targets recently.

Swiss National Bank trimmed its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 7.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 350,000 shares of the company's stock after selling 29,500 shares during the period. Swiss National Bank owned approximately 0.15% of Zeta Global worth $4,746,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cerity Partners LLC grew its position in Zeta Global by 111.6% in the 4th quarter. Cerity Partners LLC now owns 17,417 shares of the company's stock worth $313,000 after purchasing an additional 9,186 shares during the period. Legal & General Group Plc boosted its stake in shares of Zeta Global by 26.0% in the 4th quarter. Legal & General Group Plc now owns 203,164 shares of the company's stock worth $3,655,000 after buying an additional 41,866 shares during the last quarter. Guggenheim Capital LLC purchased a new position in shares of Zeta Global in the 4th quarter worth $197,000. Canada Pension Plan Investment Board increased its position in Zeta Global by 1,314.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 178,200 shares of the company's stock valued at $3,206,000 after acquiring an additional 165,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Zeta Global by 708.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 615,810 shares of the company's stock valued at $11,079,000 after acquiring an additional 539,658 shares during the period. Institutional investors own 87.75% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ZETA shares. Bank of America boosted their price target on Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada cut their target price on shares of Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Wall Street Zen raised shares of Zeta Global from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Canaccord Genuity Group lifted their price target on shares of Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group upped their price objective on Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.14.

Zeta Global Price Performance

ZETA traded up $1.2680 during trading on Friday, reaching $19.5580. 8,701,320 shares of the company traded hands, compared to its average volume of 11,066,294. Zeta Global Holdings Corp. has a 12-month low of $10.69 and a 12-month high of $38.20. The firm has a fifty day simple moving average of $16.06 and a 200 day simple moving average of $15.32. 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 company has a market cap of $4.66 billion, a P/E ratio of -102.94 and a beta of 1.28.

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.