Vontobel Holding Ltd. Sells 10,000 Shares of Zeta Global Holdings Corp. $ZETA

Vontobel Holding Ltd. reduced its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 26.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 28,376 shares of the company’s stock after selling 10,000 shares during the period. Vontobel Holding Ltd.’s holdings in Zeta Global were worth $440,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ZETA. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of 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 acquiring an additional 5,567,201 shares during the last quarter. Yong Rong HK Asset Management Ltd bought a new stake in shares of Zeta Global during the 1st quarter worth approximately $38,748,000. Nuveen LLC bought a new stake in shares of Zeta Global during the 1st quarter worth approximately $28,152,000. Think Investments LP bought a new stake in shares of Zeta Global during the 1st quarter worth approximately $19,126,000. Finally, Bwcp LP lifted its stake in shares of Zeta Global by 101.8% during the 1st quarter. Bwcp LP now owns 2,614,796 shares of the company’s stock worth $35,457,000 after acquiring an additional 1,319,273 shares during the last quarter. 87.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ZETA shares. DA Davidson raised their price target on Zeta Global from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Truist Financial lifted their target price on Zeta Global from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Wall Street Zen raised Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of Zeta Global in a research report on Thursday, October 9th. Finally, Morgan Stanley lifted 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. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Zeta Global presently has a consensus rating of “Moderate Buy” and an average target price of $29.54.

Zeta Global Trading Up 1.8%

Shares of NYSE:ZETA opened at $19.23 on Wednesday. Zeta Global Holdings Corp. has a 12-month low of $10.69 and a 12-month high of $38.20. The business’s fifty day simple moving average is $19.61 and its 200-day simple moving average is $15.83. The company has a market capitalization of $4.58 billion, a PE ratio of -101.21 and a beta of 1.29. The company has a current ratio of 3.25, a quick 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.