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

Yong Rong HK Asset Management Ltd purchased a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,857,500 shares of the company's stock, valued at approximately $38,748,000. Zeta Global accounts for 9.0% of Yong Rong HK Asset Management Ltd's holdings, making the stock its 4th largest position. Yong Rong HK Asset Management Ltd owned 1.20% of Zeta Global at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Zeta Global during the fourth quarter valued at approximately $51,042,000. Norges Bank purchased a new stake in shares of Zeta Global during the fourth quarter valued at approximately $43,236,000. Renaissance Technologies LLC boosted its stake in shares of 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 purchasing an additional 2,345,562 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Zeta Global by 119.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock valued at $74,285,000 after acquiring an additional 2,244,953 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new position in shares of Zeta Global during the fourth quarter valued at approximately $32,571,000. 87.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ZETA has been the subject of a number of recent analyst reports. Canaccord Genuity Group decreased their target price on Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Morgan Stanley decreased their price objective on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. DA Davidson decreased their price objective on Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group decreased their price objective on Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Finally, Royal Bank Of Canada decreased their price objective on Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $30.36.

Zeta Global Stock Performance

Shares of ZETA traded up $0.78 during mid-day trading on Wednesday, reaching $15.78. The company had a trading volume of 5,174,361 shares, compared to its average volume of 6,101,313. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week high of $38.20. 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 stock has a market capitalization of $3.72 billion, a P/E ratio of -54.39, a PEG ratio of 32.73 and a beta of 1.29. The stock has a 50 day moving average of $13.86 and a two-hundred day moving average of $15.66.

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.