IvyRock Asset Management HK Ltd Makes New $234,000 Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

IvyRock Asset Management HK Ltd purchased a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,000 shares of the company’s stock, valued at approximately $234,000. Zeta Global comprises 0.1% of IvyRock Asset Management HK Ltd’s portfolio, making the stock its 18th biggest position.

A number of other institutional investors have also recently bought and sold shares of ZETA. Rakuten Securities Inc. bought a new position in Zeta Global during the 4th quarter worth about $27,000. SBI Securities Co. Ltd. acquired a new stake in Zeta Global in the 4th quarter valued at approximately $33,000. Advisors Asset Management Inc. raised its position in Zeta Global by 104.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after buying an additional 1,136 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Zeta Global during the 4th quarter worth approximately $66,000. Finally, IFP Advisors Inc acquired a new position in Zeta Global during the fourth quarter worth $72,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Stock Up 8.8 %

ZETA stock opened at $15.71 on Tuesday. The company has a market cap of $3.73 billion, a PE ratio of -22.44, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a 52 week low of $10.30 and a 52 week high of $38.20. The business has a 50-day simple moving average of $18.28 and a 200 day simple moving average of $22.59.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ZETA shares. Barclays dropped their price objective on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada cut their price target on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. B. Riley restated a “buy” rating and set a $44.00 price objective on shares of Zeta Global in a research note on Wednesday, February 26th. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group reduced their price target on Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.86.

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.