Rhumbline Advisers Increases Stake in Zeta Global Holdings Corp. $ZETA

Rhumbline Advisers boosted its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,647 shares of the company’s stock after purchasing an additional 8,183 shares during the quarter. Rhumbline Advisers owned about 0.11% of Zeta Global worth $3,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Strs Ohio acquired a new stake in shares of Zeta Global during the first quarter worth about $117,000. Intech Investment Management LLC lifted its stake in shares of Zeta Global by 71.0% in the 1st quarter. Intech Investment Management LLC now owns 142,060 shares of the company’s stock valued at $1,926,000 after purchasing an additional 58,976 shares during the last quarter. SCS Capital Management LLC purchased a new stake in shares of Zeta Global in the 1st quarter valued at $674,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Zeta Global by 753.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company’s stock worth $85,513,000 after purchasing an additional 5,567,201 shares during the period. Finally, Woodline Partners LP purchased a new position in shares of Zeta Global in the 1st quarter valued at about $222,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $20.39 on Tuesday. The company’s fifty day moving average is $17.58 and its two-hundred day moving average is $15.06. 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 Holdings Corp. has a 12-month low of $10.69 and a 12-month high of $38.20. The company has a market cap of $4.85 billion, a P/E ratio of -107.29 and a beta of 1.30.

Analyst Upgrades and Downgrades

ZETA has been the subject of a number of research analyst reports. Morgan Stanley upped their target price 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 report on Wednesday, August 27th. Canaccord Genuity Group boosted their price objective on Zeta Global from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Bank of America lifted their target price on Zeta Global from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen lowered Zeta Global from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Zeta Global currently has an average rating of “Moderate Buy” and an average target price of $30.14.

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.