Wilson Asset Management International PTY Ltd. Raises Stock Position in Zeta Global Holdings Corp. $ZETA

Key Points

• Wilson Asset Management International PTY Ltd. increased its stake in Zeta Global Holdings Corp. by 6.3% during the second quarter, owning a total of 317,775 shares valued at approximately $4.92 million.
• Zeta Global has received varying ratings from analysts, with Goldman Sachs raising its price target from $16.00 to $18.00 while maintaining a neutral rating, and Morgan Stanley boosting its target to $20.00.
• Over 87.75% of Zeta Global's stock is held by institutional investors, indicating strong institutional support and confidence in the company.

Wilson Asset Management International PTY Ltd. increased its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 317,775 shares of the company's stock after purchasing an additional 18,875 shares during the period. Zeta Global makes up 1.2% of Wilson Asset Management International PTY Ltd.'s holdings, making the stock its 27th biggest position. Wilson Asset Management International PTY Ltd. owned approximately 0.13% of Zeta Global worth $4,922,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ZETA. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Zeta Global in the fourth quarter worth about $212,000. GAMMA Investing LLC raised its position in shares of Zeta Global by 1,224.5% in the first quarter. GAMMA Investing LLC now owns 9,139 shares of the company's stock worth $124,000 after acquiring an additional 8,449 shares during the period. SG Americas Securities LLC acquired a new position in shares of Zeta Global in the first quarter worth about $350,000. Handelsbanken Fonder AB raised its position in shares of Zeta Global by 23.8% in the first quarter. Handelsbanken Fonder AB now owns 47,400 shares of the company's stock worth $643,000 after acquiring an additional 9,100 shares during the period. Finally, Optas LLC raised its position in shares of Zeta Global by 124.9% in the first quarter. Optas LLC now owns 22,508 shares of the company's stock worth $305,000 after acquiring an additional 12,499 shares during the period. Hedge funds and other institutional investors own 87.75% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on ZETA shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Zeta Global in a research report on Wednesday, October 8th. The Goldman Sachs Group boosted their price target on shares of Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. William Blair restated an "outperform" rating on shares of Zeta Global in a research report on Wednesday, October 1st. Zacks Research upgraded shares of Zeta Global from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 27th. Finally, Morgan Stanley boosted their price target on shares of Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Zeta Global currently has a consensus rating of "Moderate Buy" and an average price target of $29.54.

Zeta Global Price Performance

Shares of ZETA stock opened at $18.91 on Tuesday. The firm's 50-day moving average is $19.55 and its two-hundred day moving average is $15.80. The company has a market capitalization of $4.50 billion, a PE ratio of -99.53 and a beta of 1.29. Zeta Global Holdings Corp. has a 12 month low of $10.69 and a 12 month high of $38.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.25 and a quick ratio of 3.25.

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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