Hussman Strategic Advisors Inc. Makes New Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

Hussman Strategic Advisors Inc. bought a new position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 84,000 shares of the company's stock, valued at approximately $1,511,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC grew its stake in shares of Zeta Global by 1,682.3% in the 3rd quarter. CWM LLC now owns 5,240 shares of the company's stock valued at $156,000 after buying an additional 4,946 shares in the last quarter. Creative Planning acquired a new stake in Zeta Global in the third quarter valued at approximately $696,000. Bleakley Financial Group LLC bought a new stake in Zeta Global in the third quarter worth approximately $402,000. Raymond James & Associates increased its stake in shares of Zeta Global by 35.5% during the 3rd quarter. Raymond James & Associates now owns 107,406 shares of the company's stock worth $3,204,000 after purchasing an additional 28,117 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of Zeta Global by 27.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 28,409 shares of the company's stock worth $847,000 after purchasing an additional 6,101 shares during the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Stock Performance

NYSE ZETA traded down $1.73 during midday trading on Friday, hitting $20.71. The company had a trading volume of 8,618,486 shares, compared to its average volume of 5,069,714. The firm has a fifty day simple moving average of $19.45 and a two-hundred day simple moving average of $23.88. Zeta Global Holdings Corp. has a fifty-two week low of $9.97 and a fifty-two week high of $38.20. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of -29.59, a P/E/G ratio of 1.70 and a beta of 1.17.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ZETA shares. The Goldman Sachs Group started coverage on shares of Zeta Global in a research note on Wednesday, December 11th. They issued a "neutral" rating and a $30.00 price objective for the company. Canaccord Genuity Group upped their price target on Zeta Global from $24.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. DA Davidson increased their price objective on Zeta Global from $39.00 to $42.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. William Blair restated an "outperform" rating on shares of Zeta Global in a report on Thursday, December 19th. Finally, Morgan Stanley lowered their price target 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. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Zeta Global presently has an average rating of "Moderate Buy" and a consensus target price of $37.43.

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.