Blair William & Co. IL Trims Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Key Points

• Blair William & Co. IL significantly reduced its stake in Zeta Global Holdings Corp. by 64.2%, now holding 28,923 shares valued at $392,000.
• Several institutional investors have been active in Zeta Global, with new stakes purchased totaling over $38 million during the recent quarters.
• Zeta Global received an upgraded rating from Wall Street Zen, moving from a "hold" to a "buy," with an average target price of $30.14 from analysts.

Blair William & Co. IL trimmed its position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 64.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,923 shares of the company's stock after selling 51,838 shares during the period. Blair William & Co. IL's holdings in Zeta Global were worth $392,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Optiver Holding B.V. boosted its stake in Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock valued at $25,000 after purchasing an additional 532 shares during the last quarter. Bartlett & CO. Wealth Management LLC purchased a new stake in Zeta Global during the 1st quarter valued at $27,000. Coppell Advisory Solutions LLC boosted its stake in Zeta Global by 244.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock valued at $31,000 after purchasing an additional 1,201 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in Zeta Global during the 1st quarter valued at $32,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Zeta Global during the 4th quarter valued at $33,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Price Performance

Shares of NYSE ZETA traded down $0.11 during midday trading on Wednesday, reaching $18.42. The stock had a trading volume of 8,504,003 shares, compared to its average volume of 11,930,026. The stock has a 50-day moving average of $15.27 and a 200-day moving average of $15.30. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.25 and a current ratio of 3.25. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of -96.95 and a beta of 1.28. Zeta Global Holdings Corp. has a 12-month low of $10.69 and a 12-month high of $38.20.

Analysts Set New Price Targets

ZETA has been the subject of a number of research reports. Bank of America boosted their target price on shares of Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Canaccord Genuity Group boosted their target price on shares of Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Needham & Company LLC decreased their target price on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Zeta Global from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, B. Riley decreased their target price on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.14.

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.