China Universal Asset Management Co. Ltd. Increases Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

China Universal Asset Management Co. Ltd. increased its holdings in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 228.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 also recently added to or reduced their stakes in ZETA. Yong Rong HK Asset Management Ltd purchased a new stake in Zeta Global in the first quarter worth about $38,748,000. Jacobs Levy Equity Management Inc. purchased a new stake in Zeta Global in the fourth quarter worth about $51,042,000. Norges Bank purchased a new stake in Zeta Global in the fourth quarter worth about $43,236,000. Renaissance Technologies LLC lifted its stake in Zeta Global by 98.8% in the fourth quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company's stock worth $84,909,000 after acquiring an additional 2,345,562 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Zeta Global by 119.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock worth $74,285,000 after acquiring an additional 2,244,953 shares during the period. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Price Performance

Shares of NYSE:ZETA traded down $0.91 during midday trading on Friday, reaching $14.03. 11,262,387 shares of the company's stock traded hands, compared to its average volume of 6,122,797. Zeta Global Holdings Corp. has a 1 year low of $10.69 and a 1 year high of $38.20. The company has a market cap of $3.30 billion, a P/E ratio of -48.38, a PEG ratio of 32.88 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 company has a fifty day simple moving average of $13.94 and a two-hundred day simple moving average of $15.60.

Wall Street Analyst Weigh In

Several analysts have commented on ZETA shares. Canaccord Genuity Group decreased their price target on shares of Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. DA Davidson cut their price objective on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley cut their price objective on shares of Zeta Global from $25.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Needham & Company LLC cut their price target on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Royal Bank Of Canada cut their price target on shares of Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.36.

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.