Bastion Asset Management Inc. Trims Stake in Zeta Global Holdings Corp. $ZETA

Bastion Asset Management Inc. lessened its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 18.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 166,035 shares of the company’s stock after selling 37,421 shares during the quarter. Bastion Asset Management Inc. owned approximately 0.07% of Zeta Global worth $2,373,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ZETA. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Zeta Global by 753.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company’s stock worth $85,513,000 after purchasing an additional 5,567,201 shares during the period. Bwcp LP boosted its holdings in shares of Zeta Global by 101.8% during the 1st quarter. Bwcp LP now owns 2,614,796 shares of the company’s stock valued at $35,457,000 after buying an additional 1,319,273 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Zeta Global in the 1st quarter worth about $28,152,000. Think Investments LP purchased a new stake in shares of Zeta Global in the 1st quarter worth about $19,126,000. Finally, William Blair Investment Management LLC increased its stake in shares of Zeta Global by 37.3% in the 2nd quarter. William Blair Investment Management LLC now owns 1,247,870 shares of the company’s stock worth $19,330,000 after acquiring an additional 339,247 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Price Performance

Shares of NYSE ZETA opened at $19.59 on Friday. The firm has a market cap of $4.66 billion, a P/E ratio of -163.24 and a beta of 1.27. Zeta Global Holdings Corp. has a twelve month low of $10.69 and a twelve month high of $38.20. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average of $19.37 and a 200 day moving average of $16.53.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ZETA shares. Canaccord Genuity Group boosted their price objective on shares of Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. The Goldman Sachs Group reissued a “neutral” rating and issued a $23.00 price target on shares of Zeta Global in a research report on Thursday. Morgan Stanley upped their price target on Zeta Global from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research report on Wednesday, October 8th. Finally, Zacks Research raised Zeta Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 27th. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.08.

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.