Zeta Global Holdings Corp. $ZETA Shares Sold by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. reduced its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 80.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,000 shares of the company’s stock after selling 93,000 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Zeta Global were worth $341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its position in Zeta Global by 2,000.0% during the second quarter. Golden State Wealth Management LLC now owns 1,680 shares of the company’s stock worth $26,000 after purchasing an additional 1,600 shares in the last quarter. Quarry LP raised its stake in shares of Zeta Global by 963.9% during the 1st quarter. Quarry LP now owns 2,181 shares of the company’s stock worth $30,000 after buying an additional 1,976 shares during the period. Traub Capital Management LLC purchased a new position in shares of Zeta Global during the 2nd quarter valued at approximately $50,000. SBI Securities Co. Ltd. grew its stake in Zeta Global by 58.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,368 shares of the company’s stock valued at $52,000 after acquiring an additional 1,241 shares during the period. Finally, AlphaQuest LLC increased its holdings in Zeta Global by 261.1% in the 1st quarter. AlphaQuest LLC now owns 4,463 shares of the company’s stock worth $61,000 after acquiring an additional 3,227 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Stock Down 5.6%

ZETA stock opened at $17.52 on Tuesday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average of $18.52 and a two-hundred day moving average of $17.55. Zeta Global Holdings Corp. has a 12 month low of $10.69 and a 12 month high of $26.60. The company has a market cap of $4.21 billion, a price-to-earnings ratio of -145.95 and a beta of 1.27.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Citigroup initiated coverage on shares of Zeta Global in a report on Friday, November 21st. They set a “buy” rating and a $26.00 price objective on the stock. UBS Group set a $29.00 price target on shares of Zeta Global in a research report on Tuesday, November 25th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $23.00 price objective on shares of Zeta Global in a report on Thursday, November 6th. Truist Financial boosted their price objective on Zeta Global from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, William Blair restated an “outperform” rating on shares of Zeta Global in a research report on Monday, November 24th. 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.25.

Insider Buying and Selling

In other Zeta Global news, Director Jeanine Silberblatt sold 12,990 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $19.34, for a total transaction of $251,226.60. Following the transaction, the director owned 57,850 shares of the company’s stock, valued at approximately $1,118,819. The trade was a 18.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 13.02% of the company’s stock.

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.