Wellington Management Group LLP Purchases 22,175 Shares of Zeta Global Holdings Corp. $ZETA

Key Points

• Wellington Management Group LLP has increased its stake in Zeta Global Holdings Corp. by 6.0%, now owning 389,802 shares valued at approximately $5.3 million as of its latest SEC filing.
• Several hedge funds are actively investing in Zeta Global, with notable purchases, including a new position by Yong Rong HK Asset Management valued at around $38.7 million.
• Wall Street analysts have mixed ratings on Zeta Global, with a consensus target price of $30.14, indicating an overall sentiment of a "Moderate Buy".

Wellington Management Group LLP grew its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 389,802 shares of the company's stock after purchasing an additional 22,175 shares during the quarter. Wellington Management Group LLP owned about 0.16% of Zeta Global worth $5,286,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ZETA. Yong Rong HK Asset Management Ltd bought a new position in Zeta Global during the 1st quarter worth approximately $38,748,000. Jacobs Levy Equity Management Inc. bought a new position in Zeta Global during the 4th quarter worth approximately $51,042,000. Nuveen LLC bought a new position in Zeta Global during the 1st quarter worth approximately $28,152,000. Two Sigma Advisers LP bought a new position in Zeta Global during the 4th quarter worth approximately $32,571,000. Finally, Two Sigma Investments LP raised its holdings in Zeta Global by 1,240.8% during the 4th quarter. Two Sigma Investments LP now owns 1,847,443 shares of the company's stock worth $33,236,000 after purchasing an additional 1,709,654 shares during the last quarter. Institutional investors own 87.75% of the company's stock.

Zeta Global Stock Performance

NYSE ZETA opened at $19.60 on Friday. The company has a fifty day simple moving average of $16.74 and a 200 day simple moving average of $15.29. Zeta Global Holdings Corp. has a 12-month low of $10.69 and a 12-month high of $38.20. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.29. The company has a market cap of $4.67 billion, a P/E ratio of -103.17 and a beta of 1.28.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Bank of America increased their target price on shares of Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Needham & Company LLC decreased their price target on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Morgan Stanley lifted 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 note on Wednesday, August 6th. Zacks Research raised shares of Zeta Global from a "strong sell" rating to a "hold" rating in a research note on Wednesday. Finally, Wall Street Zen raised shares of Zeta Global from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $30.14.

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.

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