Zeta Global Holdings Corp. (NYSE:ZETA) Shares Acquired by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. grew its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 228.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,000 shares of the company's stock after acquiring an additional 80,000 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Zeta Global were worth $1,559,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Yong Rong HK Asset Management Ltd acquired a new stake in shares of Zeta Global during the first quarter valued at about $38,748,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Zeta Global during the fourth quarter valued at about $51,042,000. Norges Bank acquired a new stake in shares of Zeta Global during the fourth quarter valued at about $43,236,000. Renaissance Technologies LLC increased its position 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 acquiring an additional 2,345,562 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position 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 during the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZETA has been the subject of a number of recent analyst reports. Royal Bank Of Canada dropped their price target on shares of Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Morgan Stanley dropped their target price on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. The Goldman Sachs Group dropped their target price on Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Canaccord Genuity Group dropped their target price on Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Truist Financial dropped their target price on Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

Zeta Global Stock Performance

Shares of Zeta Global stock opened at $14.90 on Tuesday. 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 $3.51 billion, a PE ratio of -51.38, a P/E/G ratio of 34.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.33 and a current ratio of 3.33. The business has a 50-day simple moving average of $13.83 and a 200-day simple moving average of $15.67.

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.

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