Zeta Global Holdings Corp. $ZETA Position Boosted by Bwcp LP

Key Points

• Bwcp LP significantly increased its stake in Zeta Global Holdings Corp. by 101.8%, making this stock its largest holding.
• Multiple institutional investors have also expanded their positions in Zeta Global, with notable increases from China Universal Asset Management (228.6%) and Summit Creek Advisors (33.6%).
• Zeta Global's stock has received a consensus rating of "Moderate Buy" with an average price target of $30.14 from analysts, reflecting positive sentiment regarding its future performance.

Bwcp LP lifted its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 101.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,614,796 shares of the company's stock after buying an additional 1,319,273 shares during the period. Zeta Global accounts for approximately 7.2% of Bwcp LP's portfolio, making the stock its largest holding. Bwcp LP owned approximately 1.11% of Zeta Global worth $35,457,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. China Universal Asset Management Co. Ltd. lifted its stake in shares of Zeta Global by 228.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 115,000 shares of the company's stock valued at $1,559,000 after buying an additional 80,000 shares during the period. Summit Creek Advisors LLC lifted its stake in shares of Zeta Global by 33.6% during the first quarter. Summit Creek Advisors LLC now owns 1,047,677 shares of the company's stock valued at $14,206,000 after buying an additional 263,451 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of Zeta Global during the first quarter valued at approximately $360,000. Cetera Investment Advisers purchased a new position in shares of Zeta Global during the fourth quarter valued at approximately $538,000. Finally, Yong Rong HK Asset Management Ltd purchased a new position in shares of Zeta Global during the first quarter valued at approximately $38,748,000. Hedge funds and other institutional investors own 87.75% of the company's stock.

Zeta Global Price Performance

Shares of ZETA stock opened at $18.55 on Wednesday. The company has a market capitalization of $4.42 billion, a PE ratio of -97.64 and a beta of 1.30. The firm has a fifty day simple moving average of $16.85 and a 200-day simple moving average of $15.19. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.29. Zeta Global Holdings Corp. has a twelve month low of $10.69 and a twelve month high of $38.20.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Zeta Global from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Bank of America upped their price target on shares of Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Zacks Research raised shares of Zeta Global from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 27th. Morgan Stanley increased their price objective on shares of Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Canaccord Genuity Group increased their price objective on shares of Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $30.14.

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.

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