Whetstone Capital Advisors LLC Acquires Shares of 370,961 Zeta Global Holdings Corp. $ZETA

Key Points

• Whetstone Capital Advisors LLC purchased a new stake in Zeta Global Holdings Corp., acquiring 370,961 shares valued at approximately $5 million, which now constitutes 2.2% of their portfolio.
• Several large investors have increased their positions in Zeta Global, with American Century Companies increasing their holdings by 146.1% during the first quarter.
• Wall Street analysts show a positive outlook on Zeta Global with an average rating of "Moderate Buy" and a consensus target price of $30.14.

Whetstone Capital Advisors LLC acquired a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 370,961 shares of the company's stock, valued at approximately $5,030,000. Zeta Global comprises about 2.2% of Whetstone Capital Advisors LLC's investment portfolio, making the stock its 17th biggest position. Whetstone Capital Advisors LLC owned about 0.16% of Zeta Global as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Yong Rong HK Asset Management Ltd acquired a new position in Zeta Global in the 1st quarter worth approximately $38,748,000. Jacobs Levy Equity Management Inc. acquired a new position in Zeta Global in the 4th quarter worth approximately $51,042,000. Nuveen LLC acquired a new stake in shares of Zeta Global during the 1st quarter worth approximately $28,152,000. Northern Trust Corp grew its stake in shares of Zeta Global by 16.0% during the 4th quarter. Northern Trust Corp now owns 2,041,040 shares of the company's stock worth $36,718,000 after purchasing an additional 281,251 shares during the period. Finally, Two Sigma Investments LP grew its stake in shares of 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 period. Institutional investors and hedge funds own 87.75% of the company's stock.

Zeta Global Price Performance

Zeta Global stock traded up $1.2680 during trading on Friday, reaching $19.5580. The company had a trading volume of 8,701,320 shares, compared to its average volume of 11,066,294. The firm's 50-day simple moving average is $16.06 and its 200 day simple moving average is $15.30. Zeta Global Holdings Corp. has a 1-year low of $10.69 and a 1-year high of $38.20. The firm has a market capitalization of $4.66 billion, a PE ratio of -102.94 and a beta of 1.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.25 and a current ratio of 3.25.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ZETA shares. Royal Bank Of Canada dropped their price objective on shares of Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Bank of America raised their price objective 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. Wall Street Zen raised shares of Zeta Global from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Morgan Stanley raised their price objective on shares of Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group raised their price objective on shares of Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Zeta Global presently has a consensus rating of "Moderate Buy" and an average 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.