Orion Capital Management LLC acquired a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 17,800 shares of the company’s stock, valued at approximately $276,000.
A number of other large investors have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Zeta Global during the 1st quarter worth approximately $27,000. Quarry LP increased its position in Zeta Global by 963.9% in the first quarter. Quarry LP now owns 2,181 shares of the company’s stock worth $30,000 after purchasing an additional 1,976 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in Zeta Global during the first quarter valued at $32,000. CWM LLC lifted its position in Zeta Global by 44.5% during 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 during the last quarter. Finally, AlphaQuest LLC grew its stake in shares of 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 buying an additional 3,227 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on ZETA. William Blair restated an “outperform” rating on shares of Zeta Global in a research report on Wednesday, October 1st. Canaccord Genuity Group boosted their price objective on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Wall Street Zen upgraded Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Zacks Research upgraded Zeta Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of Zeta Global in a report on Thursday, October 9th. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.67.
Zeta Global Trading Up 0.6%
ZETA opened at $18.80 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.25 and a current ratio of 3.25. The stock’s 50 day moving average price is $19.58 and its 200-day moving average price is $16.14. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $38.20. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of -98.92 and a beta of 1.29.
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.
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