Zeta Global Holdings Corp. $ZETA Holdings Cut by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP lessened its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 30.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 449,869 shares of the company’s stock after selling 196,348 shares during the period. Zeta Global accounts for approximately 1.9% of Advantage Alpha Capital Partners LP’s portfolio, making the stock its 5th largest holding. Advantage Alpha Capital Partners LP owned approximately 0.19% of Zeta Global worth $6,968,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Palouse Capital Management Inc. lifted its position in Zeta Global by 6.1% during the second quarter. Palouse Capital Management Inc. now owns 10,794 shares of the company’s stock valued at $167,000 after purchasing an additional 619 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Zeta Global by 15.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 5,281 shares of the company’s stock worth $82,000 after acquiring an additional 702 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Zeta Global by 1.3% in the second quarter. Harbor Capital Advisors Inc. now owns 63,330 shares of the company’s stock worth $981,000 after acquiring an additional 804 shares in the last quarter. SlateStone Wealth LLC increased its stake in Zeta Global by 5.8% in the first quarter. SlateStone Wealth LLC now owns 17,154 shares of the company’s stock valued at $233,000 after acquiring an additional 948 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in Zeta Global by 4.2% during the second quarter. Teacher Retirement System of Texas now owns 27,651 shares of the company’s stock valued at $428,000 after purchasing an additional 1,123 shares in the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Stock Up 1.0%

ZETA stock opened at $18.21 on Friday. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week high of $27.79. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of -151.70 and a beta of 1.27. The business’s 50 day moving average price is $18.97 and its two-hundred day moving average price is $17.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.01 and a current ratio of 3.01.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Canaccord Genuity Group upped their target price on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Truist Financial upped their price objective on shares of Zeta Global from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. UBS Group set a $29.00 target price on shares of Zeta Global in a research report on Tuesday. Morgan Stanley boosted their price target on shares of Zeta Global from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Citigroup initiated coverage on Zeta Global in a research note on Friday, November 21st. They set a “buy” rating and a $26.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.25.

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.