Voya Investment Management LLC Purchases 232,791 Shares of Zeta Global Holdings Corp. $ZETA

Key Points

• Voya Investment Management LLC significantly increased its holdings in Zeta Global Holdings, raising its stake by 424.3% to approximately $3.90 million worth of stock.
• Zeta Global has received multiple price target upgrades from analysts, with Bank of America raising its target from $20.00 to $24.00 and Canaccord Genuity increasing it from $26.00 to $28.00.
• The company has a market cap of $5.11 billion and currently has a consensus rating of "Moderate Buy" with an average target price of $30.14 from analysts.

Voya Investment Management LLC boosted its holdings in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 424.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 287,653 shares of the company's stock after acquiring an additional 232,791 shares during the quarter. Voya Investment Management LLC owned 0.12% of Zeta Global worth $3,901,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Rhumbline Advisers raised its stake in Zeta Global by 3.3% during the first quarter. Rhumbline Advisers now owns 255,647 shares of the company's stock valued at $3,467,000 after buying an additional 8,183 shares during the last quarter. Strs Ohio purchased a new stake in Zeta Global during the first quarter worth $117,000. Intech Investment Management LLC increased its position in shares of Zeta Global by 71.0% during the first quarter. Intech Investment Management LLC now owns 142,060 shares of the company's stock worth $1,926,000 after purchasing an additional 58,976 shares in the last quarter. SCS Capital Management LLC acquired a new position in shares of Zeta Global in the 1st quarter valued at $674,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Zeta Global by 753.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company's stock worth $85,513,000 after acquiring an additional 5,567,201 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Price Performance

Shares of NYSE ZETA traded up $0.44 during trading on Monday, reaching $21.93. The company had a trading volume of 4,402,398 shares, compared to its average volume of 6,982,842. The stock has a market cap of $5.22 billion, a PE ratio of -115.00 and a beta of 1.30. Zeta Global Holdings Corp. has a 52 week low of $10.69 and a 52 week high of $38.20. 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's 50 day moving average price is $18.07 and its 200-day moving average price is $15.18.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Canaccord Genuity Group boosted their target price on Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Morgan Stanley increased their price target on shares of Zeta Global from $15.00 to $20.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Wall Street Zen upgraded shares of Zeta Global from a "hold" rating to a "buy" rating in a report on Saturday. The Goldman Sachs Group raised their target price on shares of Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Finally, Zacks Research raised shares of Zeta Global from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 27th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Zeta Global presently has an average rating of "Moderate Buy" and a consensus target price of $30.29.

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.