KLP Kapitalforvaltning AS Grows Stock Holdings in Zeta Global Holdings Corp. $ZETA

KLP Kapitalforvaltning AS increased its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,900 shares of the company’s stock after buying an additional 1,600 shares during the period. KLP Kapitalforvaltning AS’s holdings in Zeta Global were worth $603,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Zeta Global in the first quarter valued at about $27,000. Quarry LP lifted its holdings in shares of Zeta Global by 963.9% in the first quarter. Quarry LP now owns 2,181 shares of the company’s stock valued at $30,000 after purchasing an additional 1,976 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Zeta Global in the first quarter valued at about $32,000. CWM LLC lifted its holdings in shares of Zeta Global by 44.5% in the first quarter. CWM LLC now owns 4,106 shares of the company’s stock valued at $56,000 after purchasing an additional 1,264 shares in the last quarter. Finally, AlphaQuest LLC lifted its holdings in shares of Zeta Global by 261.1% in the first quarter. AlphaQuest LLC now owns 4,463 shares of the company’s stock valued at $61,000 after purchasing an additional 3,227 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Analyst Upgrades and Downgrades

ZETA has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a report on Wednesday, October 8th. DA Davidson boosted their price objective on shares of Zeta Global from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. The Goldman Sachs Group boosted their price objective on shares of Zeta Global from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Bank of America upped their price target on shares of Zeta Global from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, Truist Financial upped their price target on shares of Zeta Global from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Ten equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Zeta Global presently has an average rating of “Moderate Buy” and an average target price of $29.54.

Zeta Global Price Performance

Zeta Global stock opened at $17.84 on Friday. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week high of $38.20. The firm has a fifty day moving average of $19.53 and a 200-day moving average of $15.90. The firm has a market capitalization of $4.25 billion, a P/E ratio of -93.92 and a beta of 1.29. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29.

About Zeta Global

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.