Zeta Global Holdings Corp. $ZETA Stock Holdings Trimmed by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC has significantly reduced its stake in Zeta Global Holdings Corp. by 47.2% in the first quarter, now owning 50,313 shares worth approximately $682,000.
• Other institutional investors have also shown interest, with Yong Rong HK Asset Management Ltd acquiring a new stake valued at about $38.7 million and Bwcp LP increasing its stake by 101.8%.
• Analysts have mixed views on Zeta Global, with Zacks upgrading the stock to a "hold," while Bank of America and Canaccord Genuity have set price targets of $24.00 and $28.00, respectively.

Great Lakes Advisors LLC lowered its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 47.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,313 shares of the company's stock after selling 44,970 shares during the quarter. Great Lakes Advisors LLC's holdings in Zeta Global were worth $682,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Yong Rong HK Asset Management Ltd acquired a new stake in shares of Zeta Global during the 1st quarter valued at approximately $38,748,000. Bwcp LP increased its stake in Zeta Global by 101.8% during the first quarter. Bwcp LP now owns 2,614,796 shares of the company's stock valued at $35,457,000 after purchasing an additional 1,319,273 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Zeta Global during the first quarter worth $28,152,000. Two Sigma Investments LP lifted its position in shares of Zeta Global by 1,240.8% in the 4th quarter. Two Sigma Investments LP now owns 1,847,443 shares of the company's stock worth $33,236,000 after buying an additional 1,709,654 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new position in shares of Zeta Global in the 4th quarter valued at about $32,571,000. Institutional investors and hedge funds own 87.75% of the company's stock.

Zeta Global Price Performance

NYSE ZETA opened at $20.77 on Friday. Zeta Global Holdings Corp. has a 12 month low of $10.69 and a 12 month high of $38.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.25 and a quick ratio of 3.25. The company's 50 day simple moving average is $17.38 and its 200 day simple moving average is $15.06. The firm has a market capitalization of $4.94 billion, a PE ratio of -109.32 and a beta of 1.30.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ZETA. Zacks Research upgraded shares of Zeta Global from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 27th. Bank of America increased their price target on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. The Goldman Sachs Group raised their price target 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 downgraded Zeta Global from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. Finally, Canaccord Genuity Group raised their target price on Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.

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