Zeta Global Holdings Corp. $ZETA Shares Sold by FORA Capital LLC

Key Points

• FORA Capital LLC has reduced its stake in Zeta Global Holdings Corp. by 39.4%, owning 63,378 shares worth approximately $859,000 after selling 41,292 shares in the first quarter.
• Several institutional investors, including Comerica Bank and Advantage Alpha Capital Partners LP, significantly increased their holdings in Zeta Global, pushing institutional ownership to 87.75%.
• Zeta Global's stock has a current price of $19.93, with analysts' price targets ranging from $18.00 to $30.14, indicating a strong level of interest and varied assessments of the company's value.

FORA Capital LLC lessened its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 39.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,378 shares of the company's stock after selling 41,292 shares during the period. FORA Capital LLC's holdings in Zeta Global were worth $859,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Zeta Global by 228.6% in the 1st 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 in the last quarter. Summit Creek Advisors LLC boosted its holdings in shares of Zeta Global by 33.6% in the 1st 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 in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Zeta Global in the 1st quarter valued at about $360,000. Cetera Investment Advisers bought a new stake in shares of Zeta Global in the 4th quarter valued at about $538,000. Finally, Yong Rong HK Asset Management Ltd bought a new stake in shares of Zeta Global in the 1st quarter valued at about $38,748,000. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Stock Performance

Shares of ZETA traded up $0.05 during trading hours on Monday, hitting $19.60. The stock had a trading volume of 6,055,944 shares, compared to its average volume of 11,056,745. 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 firm has a 50-day moving average price of $16.74 and a 200 day moving average price of $15.19. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week high of $38.20. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of -103.17 and a beta of 1.30.

Analyst Upgrades and Downgrades

ZETA has been the topic of a number of recent analyst reports. Bank of America raised their price target on shares of Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Zacks Research upgraded shares of Zeta Global from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 27th. The Goldman Sachs Group lifted their target price on shares of Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Wall Street Zen upgraded shares of Zeta Global from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Morgan Stanley lifted their target price on shares of Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Zeta Global presently has an average 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.