Zeta Global Holdings Corp. (NYSE:ZETA) Shares Sold by Y Intercept Hong Kong Ltd

Key Points

• Y Intercept Hong Kong Ltd reduced its stake in Zeta Global Holdings Corp. by 54.7%, selling 52,581 shares and lowering its holdings to 43,538 shares valued at $590,000.
• Various hedge funds have recently increased their investments in Zeta Global, with Optiver Holding B.V. notably enhancing its holdings by 60.9% during the last quarter.
• Wall Street analysts have generally lowered their price targets on Zeta Global, with an average consensus target of $30.36 and a majority issuing buy ratings.

Y Intercept Hong Kong Ltd cut its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 54.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,538 shares of the company's stock after selling 52,581 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Zeta Global were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Hussman Strategic Advisors Inc. grew its holdings in shares of Zeta Global by 100.0% during the 1st quarter. Hussman Strategic Advisors Inc. now owns 168,000 shares of the company's stock worth $2,278,000 after purchasing an additional 84,000 shares during the period. Segall Bryant & Hamill LLC purchased a new position in shares of Zeta Global during the 1st quarter worth $426,000. CWM LLC lifted its stake in Zeta Global by 44.5% during the 1st quarter. CWM LLC now owns 4,106 shares of the company's stock worth $56,000 after acquiring an additional 1,264 shares in the last quarter. M&T Bank Corp acquired a new position in Zeta Global during the 1st quarter worth about $219,000. Finally, China Universal Asset Management Co. Ltd. lifted its stake in Zeta Global by 228.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 115,000 shares of the company's stock worth $1,559,000 after acquiring an additional 80,000 shares in the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Needham & Company LLC decreased their target price on Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Morgan Stanley decreased their target price on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Royal Bank Of Canada decreased their target price on Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Truist Financial decreased their target price on Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, B. Riley decreased their price objective on Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.36.

Zeta Global Stock Up 0.3%

ZETA stock traded up $0.05 during trading on Monday, hitting $16.09. 5,038,942 shares of the company's stock were exchanged, compared to its average volume of 8,931,567. The business has a 50-day moving average price of $14.31 and a two-hundred day moving average price of $15.35. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of -55.48, a PEG ratio of 42.74 and a beta of 1.29. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week high of $38.20. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.29.

About Zeta Global

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.