Y Intercept Hong Kong Ltd Takes $1.73 Million Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Y Intercept Hong Kong Ltd acquired a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 96,119 shares of the company’s stock, valued at approximately $1,729,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ZETA. Farther Finance Advisors LLC lifted its position in Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after purchasing an additional 1,360 shares during the period. Covestor Ltd raised its stake in Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after purchasing an additional 1,451 shares during the period. Advisors Asset Management Inc. raised its stake in Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after purchasing an additional 1,136 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of Zeta Global in the fourth quarter worth $66,000. Finally, KBC Group NV increased its stake in shares of Zeta Global by 102.3% in the fourth quarter. KBC Group NV now owns 9,680 shares of the company’s stock worth $174,000 after acquiring an additional 4,896 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research note on Thursday, December 19th. Royal Bank of Canada dropped their price target on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Craig Hallum upped their price objective on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. DA Davidson upped their price objective on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Canaccord Genuity Group upped their price objective on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Zeta Global Stock Down 4.7 %

ZETA stock opened at $20.61 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global Holdings Corp. has a 52-week low of $9.97 and a 52-week high of $38.20. The company has a 50-day moving average of $19.46 and a two-hundred day moving average of $23.86. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of -29.45, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17.

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.