Truist Financial Corp Buys Shares of 15,729 Zeta Global Holdings Corp. $ZETA

Key Points

• Truist Financial Corp acquired 15,729 shares of Zeta Global Holdings Corp. worth approximately $244,000 in the second quarter.
• Current analysts' sentiment for Zeta Global shows a consensus rating of Moderate Buy with an average target price of $29.54.
• Zeta Global's stock has experienced significant fluctuations, with a 52-week range between $10.69 and $38.20, currently opening at $17.84.

Truist Financial Corp purchased a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,729 shares of the company's stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Zeta Global during the first quarter valued at about $27,000. Quarry LP increased its stake in Zeta Global by 963.9% in 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 last quarter. Banque Cantonale Vaudoise bought a new position in shares of Zeta Global in the first quarter worth approximately $32,000. CWM LLC increased its holdings in shares of Zeta Global by 44.5% in the 1st quarter. CWM LLC now owns 4,106 shares of the company's stock worth $56,000 after buying an additional 1,264 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Zeta Global by 261.1% in the 1st quarter. AlphaQuest LLC now owns 4,463 shares of the company's stock worth $61,000 after buying an additional 3,227 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Price Performance

ZETA opened at $17.84 on Friday. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-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 moving average price is $19.53 and its 200-day moving average price is $15.90. The stock has a market capitalization of $4.25 billion, a PE ratio of -93.92 and a beta of 1.29.

Analysts Set New Price Targets

A number of research firms recently commented on ZETA. Zacks Research raised Zeta Global from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 27th. Wall Street Zen upgraded Zeta Global from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Needham & Company LLC reiterated a "buy" rating and set a $25.00 price objective on shares of Zeta Global in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Zeta Global in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group lifted their price objective on Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $29.54.

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.

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