Intech Investment Management LLC Cuts Stake in Zeta Global Holdings Corp. $ZETA

Intech Investment Management LLC lessened its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 10.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,044 shares of the company’s stock after selling 15,016 shares during the quarter. Intech Investment Management LLC owned 0.05% of Zeta Global worth $1,968,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. William Blair Investment Management LLC boosted its stake in shares of Zeta Global by 37.3% during the second quarter. William Blair Investment Management LLC now owns 1,247,870 shares of the company’s stock valued at $19,330,000 after purchasing an additional 339,247 shares during the period. Summit Creek Advisors LLC raised its holdings in Zeta Global by 33.6% during the 1st quarter. Summit Creek Advisors LLC now owns 1,047,677 shares of the company’s stock valued at $14,206,000 after buying an additional 263,451 shares during the last quarter. Lisanti Capital Growth LLC boosted its position in Zeta Global by 142.8% during the 2nd quarter. Lisanti Capital Growth LLC now owns 149,080 shares of the company’s stock valued at $2,309,000 after buying an additional 87,680 shares during the period. Orion Capital Management LLC bought a new stake in Zeta Global in the 2nd quarter worth $276,000. Finally, Y Intercept Hong Kong Ltd increased its position in shares of Zeta Global by 127.1% in the second quarter. Y Intercept Hong Kong Ltd now owns 98,881 shares of the company’s stock valued at $1,532,000 after acquiring an additional 55,343 shares during the period. 87.75% of the stock is owned by institutional investors.

Zeta Global Stock Up 5.8%

Shares of NYSE:ZETA opened at $17.25 on Friday. The firm has a market capitalization of $4.15 billion, a P/E ratio of -143.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.01 and a current ratio of 3.01. The stock has a 50 day moving average price of $19.18 and a 200-day moving average price of $16.96. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week high of $27.79.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ZETA shares. Zacks Research raised shares of Zeta Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research report on Wednesday, October 8th. Wall Street Zen upgraded Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. William Blair reissued an “outperform” rating on shares of Zeta Global in a research note on Wednesday, October 1st. Finally, Canaccord Genuity Group raised their price target on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.18.

Zeta Global 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.