WT Asset Management Ltd Invests $5.10 Million in Zeta Global Holdings Corp. $ZETA

WT Asset Management Ltd bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 328,900 shares of the company's stock, valued at approximately $5,095,000. Zeta Global makes up about 0.4% of WT Asset Management Ltd's investment portfolio, making the stock its 22nd biggest position. WT Asset Management Ltd owned 0.14% of Zeta Global as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 buying an additional 5,567,201 shares during the last quarter. Yong Rong HK Asset Management Ltd bought a new stake in shares of Zeta Global during the 1st quarter worth $38,748,000. Bwcp LP lifted its position in shares of Zeta Global by 101.8% during the 1st quarter. Bwcp LP now owns 2,614,796 shares of the company's stock worth $35,457,000 after buying an additional 1,319,273 shares during the last quarter. Nuveen LLC bought a new stake in shares of Zeta Global during the 1st quarter worth $28,152,000. Finally, Think Investments LP bought a new stake in shares of Zeta Global during the 1st quarter worth $19,126,000. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Price Performance

Zeta Global stock opened at $19.34 on Friday. 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 capitalization of $4.60 billion, a PE ratio of -101.76 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 stock has a 50-day moving average price of $19.07 and a two-hundred day moving average price of $15.59.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ZETA shares. Weiss Ratings restated a "sell (d-)" rating on shares of Zeta Global in a research report on Saturday, September 27th. Morgan Stanley upped their price objective on Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Bank of America upped their price objective on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Needham & Company LLC upped their price objective on Zeta Global from $20.00 to $25.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, William Blair reiterated an "outperform" rating on shares of Zeta Global in a research report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Zeta Global has a consensus rating of "Moderate Buy" and a consensus target price of $29.38.

Zeta Global Company 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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