Zeta Global Holdings Corp. (NYSE:ZETA) Position Boosted by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 23.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,400 shares of the company’s stock after acquiring an additional 9,100 shares during the period. Handelsbanken Fonder AB’s holdings in Zeta Global were worth $643,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ZETA. Optiver Holding B.V. lifted its holdings in Zeta Global by 60.9% in the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after acquiring an additional 532 shares during the last quarter. Rakuten Securities Inc. bought a new position in Zeta Global in the fourth quarter worth about $27,000. Coppell Advisory Solutions LLC lifted its holdings in Zeta Global by 244.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock worth $31,000 after acquiring an additional 1,201 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Zeta Global in the fourth quarter worth about $33,000. Finally, Point72 Hong Kong Ltd bought a new position in Zeta Global in the fourth quarter worth about $33,000. Institutional investors own 87.75% of the company’s stock.

Zeta Global Price Performance

NYSE ZETA opened at $12.18 on Monday. 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 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The firm has a market capitalization of $2.87 billion, a PE ratio of -17.39, a P/E/G ratio of 1.65 and a beta of 1.25. The company’s 50 day simple moving average is $12.98 and its 200 day simple moving average is $16.53.

Analyst Ratings Changes

ZETA has been the topic of a number of recent research reports. The Goldman Sachs Group cut their target price on shares of Zeta Global from $27.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Royal Bank of Canada dropped their price target on shares of Zeta Global from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Truist Financial dropped their price target on shares of Zeta Global from $42.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Barclays dropped their price target on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. Finally, Needham & Company LLC dropped their price target on shares of Zeta Global from $43.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.36.

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.