Think Investments LP Purchases Shares of 1,410,457 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 bought a new position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 1,410,457 shares of the company's stock, valued at approximately $19,126,000. Zeta Global comprises approximately 3.7% of Think Investments LP's portfolio, making the stock its 12th biggest position. Think Investments LP owned about 0.60% of Zeta Global as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Yong Rong HK Asset Management Ltd purchased a new stake in shares of Zeta Global in the first quarter valued at about $38,748,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Zeta Global in the 4th quarter valued at approximately $51,042,000. Bwcp LP increased its holdings in shares of Zeta Global by 101.8% during the 1st quarter. Bwcp LP now owns 2,614,796 shares of the company's stock worth $35,457,000 after buying an additional 1,319,273 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Zeta Global during the 1st quarter valued at approximately $28,152,000. Finally, Northern Trust Corp lifted its holdings in Zeta Global by 16.0% in the fourth quarter. Northern Trust Corp now owns 2,041,040 shares of the company's stock valued at $36,718,000 after acquiring an additional 281,251 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on ZETA. Wall Street Zen cut Zeta Global from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. Canaccord Genuity Group raised their price objective on Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Morgan Stanley upped their target price on shares of Zeta Global from $15.00 to $20.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Zacks Research upgraded shares of Zeta Global from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 27th. Finally, The Goldman Sachs Group upped their price objective on shares of Zeta Global from $16.00 to $18.00 and gave the stock 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $30.14.

Zeta Global Stock Down 2.9%

Shares of ZETA stock traded down $0.61 during trading on Friday, reaching $20.15. The company's stock had a trading volume of 3,402,755 shares, compared to its average volume of 6,978,596. Zeta Global Holdings Corp. has a 1-year low of $10.69 and a 1-year high of $38.20. The stock's 50-day moving average price is $17.38 and its 200 day moving average price is $15.06. 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 debt-to-equity ratio of 0.29, a current ratio of 3.25 and a quick ratio of 3.25.

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.