UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Boosts Stake 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 position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 753.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and 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 approximately 2.68% of Zeta Global worth $85,513,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Yong Rong HK Asset Management Ltd purchased a new stake in shares of Zeta Global in the first quarter worth about $38,748,000. Bwcp LP boosted its position in shares of Zeta Global by 101.8% in the first 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 period. Nuveen LLC purchased a new position in Zeta Global in the first quarter valued at about $28,152,000. Two Sigma Investments LP boosted its holdings in Zeta Global by 1,240.8% in the fourth quarter. Two Sigma Investments LP now owns 1,847,443 shares of the company's stock valued at $33,236,000 after purchasing an additional 1,709,654 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Zeta Global in the fourth quarter valued at about $32,571,000. Hedge funds and other institutional investors own 87.75% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ZETA shares. Wall Street Zen downgraded Zeta Global from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Bank of America increased their price target on Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Morgan Stanley increased 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. The Goldman Sachs Group increased their price target on Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, Canaccord Genuity Group increased 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. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Zeta Global has an average rating of "Moderate Buy" and a consensus target price of $30.14.

Zeta Global Stock Down 1.7%

ZETA opened at $20.42 on Friday. Zeta Global Holdings Corp. has a 12 month low of $10.69 and a 12 month high of $38.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.25 and a quick ratio of 3.25. The stock has a market cap of $4.86 billion, a P/E ratio of -107.45 and a beta of 1.30. The stock's 50 day moving average price is $17.48 and its 200 day moving average price is $15.05.

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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