Zeta Global Holdings Corp. $ZETA Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Zeta Global Holdings Corp. by 47.3%, acquiring an additional 50,622 shares, bringing their total to 157,642 shares worth approximately $2.14 million.
• Several other institutional investors have also recently adjusted their positions in Zeta Global, contributing to a total institutional ownership of 87.75% in the company.
• Analysts have revised their price targets for Zeta Global, with Bank of America raising its target to $24.00 and the stock currently holding an average rating of "Moderate Buy" with an average target price of $30.14.

Invesco Ltd. boosted its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 47.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,642 shares of the company's stock after acquiring an additional 50,622 shares during the period. Invesco Ltd. owned 0.07% of Zeta Global worth $2,138,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ZETA. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Zeta Global during the first quarter valued at $27,000. Banque Cantonale Vaudoise bought a new stake in Zeta Global in the first quarter worth about $32,000. Point72 Hong Kong Ltd bought a new stake in Zeta Global in the fourth quarter worth about $33,000. CWM LLC raised its position in Zeta Global by 44.5% in the first quarter. CWM LLC now owns 4,106 shares of the company's stock worth $56,000 after acquiring an additional 1,264 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in Zeta Global in the fourth quarter worth about $66,000. Institutional investors own 87.75% of the company's stock.

Analysts Set New Price Targets

ZETA has been the topic of several research reports. Bank of America boosted 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 upgraded Zeta Global from a "strong sell" rating to a "hold" rating in a report on Wednesday. The Goldman Sachs Group boosted their price objective on Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Wall Street Zen upgraded Zeta Global from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Morgan Stanley boosted their price objective on Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.14.

Zeta Global Trading Up 0.3%

Shares of NYSE ZETA opened at $19.60 on Friday. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of -103.17 and a beta of 1.28. The business has a 50 day simple moving average of $16.74 and a 200 day simple moving average of $15.25. Zeta Global Holdings Corp. has a 52 week low of $10.69 and a 52 week high of $38.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.25 and a current ratio of 3.25.

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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