UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $85.51 Million Position in Zeta Global Holdings Corp. $ZETA

Key Points

• UBS Asset Management significantly increased its stake in Zeta Global Holdings Corp. by 753.3%, owning approximately 6.3 million shares valued at $85.5 million.
• Several institutional investors have also acquired new stakes in Zeta Global, contributing to institutional ownership rising to 87.75% of the company's stock.
• Wall Street analysts have mixed ratings on Zeta Global, with a consensus target price of $30.14 and 11 analysts rating it as a "Buy."

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 753.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,306,270 shares of the company's stock after acquiring an additional 5,567,201 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 2.68% of Zeta Global worth $85,513,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. raised its holdings in shares of Zeta Global by 228.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 115,000 shares of the company's stock valued at $1,559,000 after buying an additional 80,000 shares during the last quarter. Summit Creek Advisors LLC raised its holdings in shares of Zeta Global by 33.6% during the first quarter. Summit Creek Advisors LLC now owns 1,047,677 shares of the company's stock valued at $14,206,000 after buying an additional 263,451 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Zeta Global during the first quarter worth approximately $360,000. Cetera Investment Advisers bought a new stake in Zeta Global during the fourth quarter worth approximately $538,000. Finally, Yong Rong HK Asset Management Ltd bought a new stake in Zeta Global during the first quarter worth approximately $38,748,000. Institutional investors own 87.75% of the company's stock.

Zeta Global Price Performance

Zeta Global stock traded up $0.48 during mid-day trading on Thursday, hitting $21.09. The company's stock had a trading volume of 7,679,084 shares, compared to its average volume of 6,179,675. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $5.02 billion, a P/E ratio of -111.00 and a beta of 1.30. Zeta Global Holdings Corp. has a twelve month low of $10.69 and a twelve month high of $38.20. The stock's fifty day moving average price is $17.92 and its two-hundred day moving average price is $15.16.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ZETA shares. The Goldman Sachs Group boosted their target price on Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Canaccord Genuity Group boosted their target price on Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen cut Zeta Global from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Morgan Stanley boosted their target price on Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Finally, Zacks Research raised Zeta Global from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 27th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.14.

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.