Trexquant Investment LP lifted its position in shares of Zeta Global Holdings Corp. (NASDAQ:ZETA – Get 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
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
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.
- Get a free copy of the StockNews.com research report on Zeta Global (ZETA)
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