Yong Rong HK Asset Management Ltd Takes $38.75 Million Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Yong Rong HK Asset Management Ltd bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,857,500 shares of the company's stock, valued at approximately $38,748,000. Zeta Global comprises about 9.0% of Yong Rong HK Asset Management Ltd's portfolio, making the stock its 4th biggest holding. Yong Rong HK Asset Management Ltd owned 1.20% of Zeta Global at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ZETA. Jacobs Levy Equity Management Inc. bought a new stake in shares of Zeta Global in the 4th quarter valued at $51,042,000. Norges Bank bought a new stake in Zeta Global during the fourth quarter valued at $43,236,000. Renaissance Technologies LLC boosted its position in Zeta Global by 98.8% during the fourth quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company's stock valued at $84,909,000 after acquiring an additional 2,345,562 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Zeta Global by 119.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock valued at $74,285,000 after purchasing an additional 2,244,953 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new stake in shares of Zeta Global during the 4th quarter valued at about $32,571,000. 87.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. B. Riley cut their target price on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group cut their price objective on shares of Zeta Global from $27.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Canaccord Genuity Group cut their price objective on shares of Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Truist Financial cut their price target on Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Morgan Stanley cut their price target on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Zeta Global has an average rating of "Moderate Buy" and a consensus price target of $30.36.

Zeta Global Stock Down 1.7%

NYSE:ZETA traded down $0.26 during trading hours on Thursday, hitting $14.97. 6,740,503 shares of the company traded hands, compared to its average volume of 6,068,662. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.29. The firm's 50-day simple moving average is $13.90 and its 200-day simple moving average is $15.66. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $38.20. The company has a market cap of $3.53 billion, a PE ratio of -51.62, a PEG ratio of 33.01 and a beta of 1.29.

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.