Trexquant Investment LP Purchases 160,780 Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA)

Trexquant Investment LP lifted its position in shares of Zeta Global Holdings Corp. (NASDAQ:ZETAGet Rating) by 516.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 191,931 shares of the company’s stock after purchasing an additional 160,780 shares during the period. Trexquant Investment LP owned 0.09% of Zeta Global worth $868,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bullseye Asset Management LLC lifted its position in shares of Zeta Global by 25.1% during the first quarter. Bullseye Asset Management LLC now owns 547,383 shares of the company’s stock valued at $6,980,000 after purchasing an additional 110,000 shares in the last quarter. Pendal Group Ltd purchased a new stake in Zeta Global during the second quarter worth about $368,000. Allspring Global Investments Holdings LLC purchased a new stake in Zeta Global during the second quarter worth about $345,000. Russell Investments Group Ltd. purchased a new stake in Zeta Global during the second quarter worth about $884,000. Finally, Handelsbanken Fonder AB purchased a new stake in Zeta Global during the second quarter worth about $62,000. 29.02% of the stock is owned by institutional investors.

Zeta Global Price Performance

ZETA opened at $8.50 on Thursday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -4.23 and a beta of 1.73. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.69. The firm has a 50-day moving average price of $7.52 and a 200-day moving average price of $6.80. Zeta Global Holdings Corp. has a twelve month low of $4.09 and a twelve month high of $13.46.

Insider Transactions at Zeta Global

In other news, Director Robert H. Niehaus sold 27,257 shares of Zeta Global stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $9.01, for a total value of $245,585.57. Following the completion of the transaction, the director now owns 16,594,634 shares in the company, valued at $149,517,652.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert H. Niehaus sold 56,690 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $8.04, for a total value of $455,787.60. Following the completion of the transaction, the director now directly owns 16,851,466 shares in the company, valued at $135,485,786.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert H. Niehaus sold 27,257 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $9.01, for a total transaction of $245,585.57. Following the completion of the transaction, the director now owns 16,594,634 shares of the company’s stock, valued at $149,517,652.34. The disclosure for this sale can be found here. Insiders sold 259,483 shares of company stock worth $2,121,459 over the last quarter. Corporate insiders own 46.61% of the company’s stock.

Analysts Set New Price Targets

ZETA has been the subject of a number of research analyst reports. Morgan Stanley raised their price objective on shares of Zeta Global from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, November 3rd. Credit Suisse Group initiated coverage on shares of Zeta Global in a report on Monday. They set a “neutral” rating and a $9.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Zeta Global Company Profile

(Get Rating)

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. Its 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.

Featured Stories

Want to see what other hedge funds are holding ZETA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zeta Global Holdings Corp. (NASDAQ:ZETAGet Rating).

Institutional Ownership by Quarter for Zeta Global (NASDAQ:ZETA)

Receive News & Ratings for Zeta Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zeta Global and related companies with MarketBeat.com's FREE daily email newsletter.