Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 39,962 Zeta Global Holdings Corp. (NYSE:ZETA)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Zeta Global Holdings Corp., purchasing 39,962 shares for approximately $542,000 in the first quarter.
• Several other institutional investors have also increased their positions, including Yong Rong HK Asset Management Ltd with a new position valued at about $38.7 million.
• Zeta Global's stock has experienced a decline of 3.6% recently, with current trading around $15.08, and analysts have updated their price targets, lowering estimates across the board.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 39,962 shares of the company's stock, valued at approximately $542,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZETA. Optiver Holding B.V. boosted its stake in shares of Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock valued at $25,000 after purchasing an additional 532 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Zeta Global by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company's stock valued at $336,000 after purchasing an additional 592 shares in the last quarter. Coppell Advisory Solutions LLC raised its holdings in shares of Zeta Global by 244.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock valued at $31,000 after purchasing an additional 1,201 shares in the last quarter. CWM LLC raised 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 valued at $56,000 after purchasing an additional 1,264 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in shares of Zeta Global by 4.9% in the 1st quarter. Vontobel Holding Ltd. now owns 38,376 shares of the company's stock valued at $520,000 after purchasing an additional 1,776 shares in the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. B. Riley reduced their price objective on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley boosted their target price on shares of Zeta Global from $15.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday. Truist Financial lowered their target price on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Bank of America upped their price objective on shares of Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, The Goldman Sachs Group reduced their price target on shares of Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Zeta Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.86.

Zeta Global Trading Up 25.6%

Shares of NYSE ZETA traded up $4.06 during trading on Wednesday, reaching $19.93. The stock had a trading volume of 39,132,468 shares, compared to its average volume of 6,698,856. The business's 50-day moving average price is $14.58 and its 200-day moving average price is $15.27. The company has a market cap of $4.69 billion, a P/E ratio of -68.83, a PEG ratio of 58.94 and a beta of 1.28. 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 3.33 and a current ratio of 3.33.

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.