Zeta Global Holdings Corp. $ZETA Shares Sold 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 trimmed its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 47.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,313 shares of the company's stock after selling 44,970 shares during the period. Great Lakes Advisors LLC's holdings in Zeta Global were worth $682,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new stake in shares of Zeta Global during the fourth quarter worth $33,000. Bartlett & CO. Wealth Management LLC purchased a new stake in Zeta Global in the 1st quarter worth approximately $27,000. Quarry LP boosted its position in Zeta Global by 963.9% during the 1st quarter. Quarry LP now owns 2,181 shares of the company's stock valued at $30,000 after acquiring an additional 1,976 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Zeta Global during the 1st quarter valued at approximately $32,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Zeta Global in the 4th quarter worth approximately $66,000. Hedge funds and other institutional investors own 87.75% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley upped their price objective on Zeta Global from $15.00 to $20.00 and gave the company an "equal weight" 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 research note on Wednesday, August 27th. Canaccord Genuity Group increased their price target on Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen downgraded shares of Zeta Global from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Finally, The Goldman Sachs Group raised their price objective 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. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $30.14.

Zeta Global Price Performance

Shares of Zeta Global stock traded down $0.28 during trading hours on Wednesday, reaching $20.12. The stock had a trading volume of 1,033,143 shares, compared to its average volume of 6,955,957. The firm has a market capitalization of $4.79 billion, a PE ratio of -106.11 and a beta of 1.30. The stock's 50 day moving average is $17.69 and its 200 day moving average is $15.09. 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.

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.