Think Investments LP Takes Position in Zeta Global Holdings Corp. $ZETA

Key Points

• Think Investments LP has acquired a new stake in Zeta Global Holdings Corp., purchasing 1,410,457 shares valued at approximately $19.1 million, representing 3.7% of its portfolio.
• Institutional investors dominate Zeta Global's ownership, holding about 87.75% of the stock, with several recent investments from firms like Yong Rong HK Asset Management and Jacobs Levy Equity Management.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Zeta Global, with a price target range of $20 to $30, indicating expectations for future growth.

Think Investments LP purchased a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,410,457 shares of the company's stock, valued at approximately $19,126,000. Zeta Global accounts for about 3.7% of Think Investments LP's investment portfolio, making the stock its 12th largest holding. Think Investments LP owned about 0.60% of Zeta Global as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. SlateStone Wealth LLC increased its stake in Zeta Global by 5.8% during the first quarter. SlateStone Wealth LLC now owns 17,154 shares of the company's stock worth $233,000 after purchasing an additional 948 shares during the period. Advisors Asset Management Inc. increased its stake in Zeta Global by 34.2% during the first quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company's stock worth $62,000 after purchasing an additional 1,168 shares during the period. CWM LLC increased its stake in Zeta Global by 44.5% during the first quarter. CWM LLC now owns 4,106 shares of the company's stock worth $56,000 after purchasing an additional 1,264 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Zeta Global by 9.1% during the first quarter. PNC Financial Services Group Inc. now owns 16,985 shares of the company's stock worth $230,000 after buying an additional 1,422 shares during the period. Finally, Vontobel Holding Ltd. increased its stake in shares of Zeta Global by 4.9% during the first quarter. Vontobel Holding Ltd. now owns 38,376 shares of the company's stock worth $520,000 after buying an additional 1,776 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 $0.10 during midday trading on Tuesday, reaching $18.67. The company's stock had a trading volume of 5,170,534 shares, compared to its average volume of 6,976,759. 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 0.29, a quick ratio of 3.25 and a current ratio of 3.25. The stock's 50 day simple moving average is $17.20 and its 200 day simple moving average is $15.04. The firm has a market capitalization of $4.44 billion, a PE ratio of -98.26 and a beta of 1.30.

Analysts Set New Price Targets

A number of research firms recently weighed in on ZETA. Bank of America upped their target price on shares of Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Morgan Stanley upped their price target on Zeta Global from $15.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Canaccord Genuity Group upped their price target on Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen downgraded Zeta Global from a "buy" rating to a "hold" rating in a report on Friday. Finally, Zacks Research raised Zeta Global from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 27th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.14.

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.