Envestnet Asset Management Inc. Has $420,000 Holdings in Zeta Global Holdings Corp. $ZETA

Envestnet Asset Management Inc. grew its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 23.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,091 shares of the company’s stock after purchasing an additional 5,107 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Zeta Global were worth $420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Zeta Global by 753.3% in 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 valued at $85,513,000 after buying an additional 5,567,201 shares during the last quarter. Nuveen LLC bought a new position in shares of Zeta Global during the first quarter valued at $28,152,000. Think Investments LP acquired a new position in shares of Zeta Global during the first quarter worth $19,126,000. Bwcp LP grew its stake in shares of Zeta Global by 101.8% in the first quarter. Bwcp LP now owns 2,614,796 shares of the company’s stock worth $35,457,000 after purchasing an additional 1,319,273 shares during the last quarter. Finally, Armistice Capital LLC acquired a new stake in Zeta Global in the first quarter valued at $7,265,000. 87.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on ZETA. Wall Street Zen raised Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Citigroup began coverage on Zeta Global in a research report on Friday, November 21st. They set a “buy” rating and a $26.00 price objective for the company. B. Riley upped their target price on Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday. Bank of America increased their target price on shares of Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a research report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $27.25.

Zeta Global Trading Up 1.0%

NYSE:ZETA opened at $18.21 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.01 and a quick ratio of 3.01. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $27.79. The company has a market cap of $4.38 billion, a PE ratio of -151.70 and a beta of 1.27. The firm has a 50-day moving average of $19.03 and a 200-day moving average of $17.08.

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.