Marshall Wace Boosts Zeta Global Holdings Stake by 857.2%

Marshall Wace LLP significantly increased its investment in Zeta Global Holdings Corp. (NYSE: ZETA) during the second quarter of 2023, expanding its position by an impressive 857.2%. According to Holdings Channel, the firm now holds 2,679,321 shares, having acquired an additional 2,399,408 shares during the quarter. At the close of this reporting period, Marshall Wace’s holdings in Zeta Global were valued at approximately $41.5 million.

Several other institutional investors also made substantial changes to their stakes in Zeta Global. UBS Asset Management Americas LLC increased its holdings by 753.3% in the first quarter, bringing its total to 6,306,270 shares worth around $85.5 million after purchasing an additional 5,567,201 shares. Similarly, Geode Capital Management LLC raised its position by 3.8% in the second quarter, now owning 4,835,620 shares valued at approximately $74.9 million.

Bwcp LP and Norges Bank also expanded their stakes, with Bwcp LP increasing its holdings by 101.8%, now possessing 2,614,796 shares worth $35.5 million. Norges Bank acquired a new position valued at about $33.5 million during the same quarter. Nuveen LLC, too, joined the group of investors, purchasing shares worth approximately $28.2 million in the first quarter. Overall, institutional investors now own 87.75% of Zeta Global’s stock.

Analyst Ratings and Stock Performance

In addition to these investment moves, analysts have provided updates regarding Zeta Global’s stock performance. B. Riley increased its price target from $29.00 to $30.00 and maintained a “buy” rating on November 25, 2023. Conversely, Wall Street Zen downgraded Zeta Global from a “buy” rating to a “hold” rating. Needham & Company LLC reaffirmed its “buy” rating, while Bank of America also raised its price target for the stock from $28.00 to $30.00.

Morgan Stanley increased its target price from $21.00 to $23.00, assigning an “equal weight” rating. In total, nine investment analysts have rated Zeta Global with a “buy” rating, four have assigned a “hold” rating, and one has issued a “sell” rating. Data from MarketBeat.com indicates that Zeta Global has a consensus rating of “Moderate Buy” and a target price of $27.25.

As of last trading day, Zeta Global opened at $19.05. The stock has seen a twelve-month low of $10.69 and a high of $26.94. With a market capitalization of approximately $4.58 billion, Zeta Global’s price-to-earnings ratio stands at -158.74, and the firm has a beta of 1.27. Its fifty-day simple moving average is $18.64, while the two-hundred-day simple moving average is $17.29. The company exhibits strong liquidity with a quick ratio of 3.01 and a current ratio of 3.01, alongside a debt-to-equity ratio of 0.29.

About Zeta Global

Zeta Global Holdings Corp. operates a data-driven cloud platform focused on providing enterprises with consumer intelligence and marketing automation software both in the United States and internationally. The company’s Zeta Marketing Platform utilizes advanced machine learning algorithms to analyze vast amounts of structured and unstructured data, predicting consumer intent effectively. Furthermore, its Consumer Data platform synthesizes disparate data points to create a comprehensive view of consumer identity, profile characteristics, behaviors, and purchase intent.

As Zeta Global continues to attract significant investment and analyst attention, its evolution in the competitive landscape of consumer data and marketing automation remains a focal point for stakeholders.