Cetera Investment Advisers Lowers Position in Zeta Global Holdings Corp. $ZETA

Cetera Investment Advisers cut its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 51.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,393 shares of the company’s stock after selling 15,527 shares during the quarter. Cetera Investment Advisers’ holdings in Zeta Global were worth $195,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Optiver Holding B.V. lifted its stake 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 period. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Zeta Global during the first quarter valued at about $27,000. Coppell Advisory Solutions LLC lifted its position in shares of Zeta Global by 244.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock valued at $31,000 after buying an additional 1,201 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Zeta Global during the fourth quarter valued at about $33,000. Finally, CWM LLC increased its holdings in shares of Zeta Global by 44.5% during the first quarter. CWM LLC now owns 4,106 shares of the company’s stock valued at $56,000 after acquiring an additional 1,264 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ZETA shares. Bank of America upped their price objective on shares of Zeta Global from $20.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. The Goldman Sachs Group increased their price target on shares of Zeta Global from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Canaccord Genuity Group increased their price target on shares of Zeta Global from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen upgraded Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Needham & Company LLC lowered their price objective on Zeta Global from $43.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Zeta Global presently has an average rating of “Moderate Buy” and a consensus target price of $30.14.

Zeta Global Stock Up 6.9%

Shares of ZETA opened at $19.5580 on Friday. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week high of $38.20. The company has a market capitalization of $4.66 billion, a PE ratio of -102.94 and a beta of 1.28. The stock has a fifty day simple moving average of $16.06 and a two-hundred day simple moving average of $15.32. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29.

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. 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.