China Universal Asset Management Co. Ltd. Reduces Holdings in Zeta Global Holdings Corp. $ZETA

China Universal Asset Management Co. Ltd. lowered its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 80.9% in the second quarter, Holdings Channel reports. The institutional investor owned 22,000 shares of the company’s stock after selling 93,000 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Zeta Global were worth $341,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Palouse Capital Management Inc. grew its position in Zeta Global by 6.1% in the second quarter. Palouse Capital Management Inc. now owns 10,794 shares of the company’s stock worth $167,000 after acquiring an additional 619 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Zeta Global by 15.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 5,281 shares of the company’s stock valued at $82,000 after purchasing an additional 702 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Zeta Global by 1.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 63,330 shares of the company’s stock worth $981,000 after purchasing an additional 804 shares during the period. M&T Bank Corp increased its position in shares of Zeta Global by 5.9% during the 2nd quarter. M&T Bank Corp now owns 17,086 shares of the company’s stock worth $264,000 after purchasing an additional 959 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Zeta Global by 4.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 27,651 shares of the company’s stock worth $428,000 after purchasing an additional 1,123 shares during the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Price Performance

Zeta Global stock opened at $17.52 on Tuesday. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.29. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week high of $26.60. The firm has a market cap of $4.21 billion, a PE ratio of -145.95 and a beta of 1.27. The company’s 50 day moving average is $18.52 and its two-hundred day moving average is $17.55.

Insider Buying and Selling at Zeta Global

In other news, Director Jeanine Silberblatt sold 12,990 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $19.34, for a total value of $251,226.60. Following the sale, the director directly owned 57,850 shares in the company, valued at approximately $1,118,819. This trade represents a 18.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 13.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. UBS Group set a $29.00 target price on shares of Zeta Global in a research note on Tuesday, November 25th. B. Riley upped their price objective on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. William Blair reiterated an “outperform” rating on shares of Zeta Global in a report on Monday, November 24th. Citigroup assumed coverage on Zeta Global in a research note on Friday, November 21st. They set a “buy” rating and a $26.00 price target on the stock. Finally, Wall Street Zen lowered Zeta Global from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.25.

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.