China Universal Asset Management Co. Ltd. Makes New $630,000 Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

China Universal Asset Management Co. Ltd. purchased a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 35,000 shares of the company's stock, valued at approximately $630,000.

A number of other hedge funds have also added to or reduced their stakes in ZETA. JPMorgan Chase & Co. lifted its holdings in shares of Zeta Global by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company's stock valued at $37,015,000 after purchasing an additional 293,583 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Zeta Global by 31.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company's stock worth $51,980,000 after acquiring an additional 413,577 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Zeta Global during the third quarter valued at $5,644,000. Qsemble Capital Management LP bought a new position in shares of Zeta Global in the third quarter worth approximately $1,752,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Zeta Global by 229.9% in the 3rd quarter. Victory Capital Management Inc. now owns 68,660 shares of the company's stock worth $2,048,000 after purchasing an additional 47,849 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Price Performance

Shares of NYSE:ZETA traded up $0.26 during midday trading on Wednesday, reaching $18.68. 1,432,838 shares of the company were exchanged, compared to its average volume of 3,860,050. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.43 billion, a PE ratio of -26.68, a price-to-earnings-growth ratio of 1.35 and a beta of 1.17. The business's fifty day moving average is $19.69 and its two-hundred day moving average is $23.87. Zeta Global Holdings Corp. has a one year low of $9.35 and a one year high of $38.20.

Zeta Global (NYSE:ZETA - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.26). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The firm had revenue of $268.30 million for the quarter, compared to analysts' expectations of $252.68 million. During the same quarter in the previous year, the business earned ($0.27) EPS. The company's revenue for the quarter was up 42.0% on a year-over-year basis. As a group, analysts predict that Zeta Global Holdings Corp. will post -0.16 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ZETA. William Blair reissued an "outperform" rating on shares of Zeta Global in a report on Thursday, December 19th. The Goldman Sachs Group assumed coverage on shares of Zeta Global in a report on Wednesday, December 11th. They issued a "neutral" rating and a $30.00 price objective on the stock. Truist Financial reiterated a "buy" rating and issued a $42.00 price target (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Morgan Stanley decreased their target price on Zeta Global from $26.00 to $23.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Finally, Canaccord Genuity Group boosted their price target on Zeta Global from $24.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $37.43.

Insiders Place Their Bets

In other Zeta Global news, CEO David Steinberg bought 53,676 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the transaction, the chief executive officer now owns 65,310 shares in the company, valued at $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Steven H. Gerber acquired 13,250 shares of the stock in a transaction on Monday, November 18th. The stock was bought at an average cost of $18.55 per share, with a total value of $245,787.50. Following the completion of the transaction, the chief operating officer now owns 2,940,811 shares in the company, valued at $54,552,044.05. This trade represents a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 129,901 shares of company stock valued at $2,471,244 in the last three months. Corporate insiders own 25.54% 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.