Russell Investments Group Ltd. Sells 295,205 Shares of Zeta Global Holdings Corp. $ZETA

Key Points

• Russell Investments Group Ltd. reduced its stake in Zeta Global Holdings by 35.9% during the first quarter, now owning 527,450 shares worth approximately $7.15 million.
• Zeta Global's stock is currently down 3.6% with a market capitalization of $4.52 billion and a twelve-month price range from $10.69 to $38.20.
• Analysts have mixed ratings on Zeta Global, with eleven rating it a Buy and four rating it a Hold, while the consensus price target is $30.14.

Russell Investments Group Ltd. decreased its position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 35.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 527,450 shares of the company's stock after selling 295,205 shares during the quarter. Russell Investments Group Ltd. owned about 0.22% of Zeta Global worth $7,152,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Yong Rong HK Asset Management Ltd bought a new position in shares of Zeta Global during the 1st quarter valued at $38,748,000. Jacobs Levy Equity Management Inc. bought a new stake in Zeta Global in the fourth quarter worth $51,042,000. Nuveen LLC acquired a new position in Zeta Global during the first quarter worth $28,152,000. Two Sigma Advisers LP bought a new position in Zeta Global during the fourth quarter valued at about $32,571,000. Finally, Two Sigma Investments LP raised its holdings in Zeta Global by 1,240.8% during the fourth quarter. Two Sigma Investments LP now owns 1,847,443 shares of the company's stock valued at $33,236,000 after buying an additional 1,709,654 shares in the last quarter. Institutional investors own 87.75% of the company's stock.

Zeta Global Stock Performance

ZETA traded up $1.2680 during trading on Friday, reaching $19.5580. 8,701,320 shares of the company's stock were exchanged, compared to its average volume of 11,066,294. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week high of $38.20. The company has a market capitalization of $4.66 billion, a P/E ratio of -102.94 and a beta of 1.28. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $16.06 and a 200 day moving average price of $15.32.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ZETA shares. Bank of America increased their price objective on Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Royal Bank Of Canada decreased their target price on Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Wall Street Zen raised shares of Zeta Global from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Canaccord Genuity Group upped their price objective on shares of Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. 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 report on Wednesday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $30.14.

Zeta Global 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.