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

Yong Rong HK Asset Management Ltd bought a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,857,500 shares of the company's stock, valued at approximately $38,748,000. Zeta Global comprises approximately 9.0% of Yong Rong HK Asset Management Ltd's investment portfolio, making the stock its 4th biggest position. Yong Rong HK Asset Management Ltd owned 1.20% of Zeta Global as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ZETA. Bank of New York Mellon Corp raised its position in Zeta Global by 54.2% in the fourth quarter. Bank of New York Mellon Corp now owns 772,768 shares of the company's stock valued at $13,902,000 after purchasing an additional 271,562 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Zeta Global in the fourth quarter valued at about $192,000. US Bancorp DE increased its stake in shares of Zeta Global by 246.9% in the fourth quarter. US Bancorp DE now owns 35,209 shares of the company's stock valued at $633,000 after buying an additional 25,059 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Zeta Global by 2,045.7% in the fourth quarter. Jones Financial Companies Lllp now owns 12,917 shares of the company's stock valued at $232,000 after buying an additional 12,315 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Zeta Global in the fourth quarter valued at about $33,000. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Stock Up 1.9%

NYSE:ZETA traded up $0.29 on Wednesday, hitting $15.29. The stock had a trading volume of 10,144,601 shares, compared to its average volume of 6,065,925. The business's fifty day moving average is $13.90 and its 200 day moving average is $15.66. The company has a market cap of $3.60 billion, a PE ratio of -52.72, a P/E/G ratio of 33.01 and a beta of 1.29. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.29. Zeta Global Holdings Corp. has a 52 week low of $10.69 and a 52 week high of $38.20.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada decreased their price target on Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Canaccord Genuity Group decreased their price target on Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. The Goldman Sachs Group decreased their target price on Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. B. Riley decreased their target price 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. Finally, DA Davidson decreased their target price on Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Zeta Global presently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

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.