VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Zeta Global Holdings Corp. $ZETA

Key Points

• Virginia Retirement Systems ET Al acquired a new stake in Zeta Global Holdings Corp., purchasing 52,616 shares valued at approximately $815,000 in the second quarter.
• Multiple analysts have increased their price targets for Zeta Global, with Bank of America raising it from $20.00 to $24.00 and Morgan Stanley from $15.00 to $20.00, reflecting positive sentiment towards the stock.
• Zeta Global has a market capitalization of $4.44 billion and has seen a twelve-month stock price range from a low of $10.69 to a high of $38.20.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,616 shares of the company's stock, valued at approximately $815,000.

A number of other large investors have also modified their holdings of ZETA. SG Americas Securities LLC acquired a new position in shares of Zeta Global in the first quarter valued at $350,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Zeta Global by 25.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,743 shares of the company's stock valued at $200,000 after purchasing an additional 2,948 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Zeta Global by 32.2% in the first quarter. Janney Montgomery Scott LLC now owns 102,781 shares of the company's stock valued at $1,394,000 after purchasing an additional 25,036 shares in the last quarter. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Zeta Global in the first quarter valued at $27,000. Finally, Cavalier Investments LLC acquired a new position in shares of Zeta Global in the first quarter valued at $2,735,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Morgan Stanley upped their target price on Zeta Global from $15.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Zeta Global in a research note on Wednesday, October 8th. Bank of America increased their price objective on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded Zeta Global from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Finally, Zacks Research upgraded Zeta Global from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 27th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Zeta Global has an average rating of "Moderate Buy" and an average price target of $28.67.

Zeta Global Stock Performance

Shares of NYSE:ZETA opened at $18.65 on Friday. Zeta Global Holdings Corp. has a twelve month low of $10.69 and a twelve month high of $38.20. The firm has a market cap of $4.44 billion, a PE ratio of -98.18 and a beta of 1.29. 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 business has a fifty day moving average of $19.58 and a 200-day moving average of $16.06.

About Zeta Global

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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