Universal Beteiligungs und Servicegesellschaft mbH Makes New $542,000 Investment in 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 stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 39,962 shares of the company's stock, valued at approximately $542,000.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. acquired a new stake in shares of Zeta Global in the 4th quarter worth $331,000. LPL Financial LLC increased its stake in shares of Zeta Global by 100.9% in the 4th quarter. LPL Financial LLC now owns 148,097 shares of the company's stock worth $2,664,000 after acquiring an additional 74,396 shares during the last quarter. Norges Bank acquired a new stake in shares of Zeta Global in the 4th quarter worth $43,236,000. Pictet Asset Management Holding SA grew its holdings in shares of Zeta Global by 30.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 28,064 shares of the company's stock worth $505,000 after purchasing an additional 6,569 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of Zeta Global during the 4th quarter worth $6,614,000. 87.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZETA has been the subject of a number of research analyst reports. Royal Bank Of Canada lowered their price target on Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a report on Monday, April 28th. DA Davidson lowered their target price on Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a report on Monday, April 14th. B. Riley lowered their target price on Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Canaccord Genuity Group decreased their price objective on Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Needham & Company LLC decreased their price objective on Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.36.

Zeta Global Price Performance

ZETA stock traded down $0.57 during trading on Friday, hitting $15.08. The stock had a trading volume of 7,960,218 shares, compared to its average volume of 8,679,770. The company's 50 day moving average price is $14.48 and its two-hundred day moving average price is $15.28. Zeta Global Holdings Corp. has a 1-year low of $10.69 and a 1-year high of $38.20. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of -52.00, a price-to-earnings-growth ratio of 56.26 and a beta of 1.28. 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.