Samjo Management LLC Acquires New Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Samjo Management LLC acquired a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 235,900 shares of the company's stock, valued at approximately $4,244,000. Zeta Global accounts for 1.6% of Samjo Management LLC's portfolio, making the stock its 20th largest holding. Samjo Management LLC owned approximately 0.10% of Zeta Global at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ZETA. Rakuten Securities Inc. purchased a new stake in shares of Zeta Global in the fourth quarter worth about $27,000. SBI Securities Co. Ltd. purchased a new stake in shares of Zeta Global during the 4th quarter worth about $33,000. Heck Capital Advisors LLC acquired a new stake in Zeta Global in the fourth quarter valued at approximately $66,000. IFP Advisors Inc purchased a new stake in shares of Zeta Global in the fourth quarter valued at approximately $72,000. Finally, Transcendent Capital Group LLC purchased a new position in shares of Zeta Global during the 4th quarter valued at approximately $87,000. Institutional investors and hedge funds own 87.75% of the company's stock.

Zeta Global Trading Down 6.6 %

Shares of NYSE:ZETA traded down $0.85 during midday trading on Thursday, reaching $12.03. 3,068,075 shares of the company's stock were exchanged, compared to its average volume of 5,127,094. The firm's 50 day simple moving average is $16.87 and its two-hundred day simple moving average is $21.32. Zeta Global Holdings Corp. has a fifty-two week low of $10.93 and a fifty-two week high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of -17.01, a P/E/G ratio of 1.65 and a beta of 1.29.

Remove Ads

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of Zeta Global from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Morgan Stanley boosted their price objective on Zeta Global from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and issued a $43.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. Barclays reduced their price objective on Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. Finally, William Blair reaffirmed an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.86.

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.