Illinois Municipal Retirement Fund Buys Shares of 25,347 Zeta Global Holdings Corp. (NYSE:ZETA)

Illinois Municipal Retirement Fund acquired a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,347 shares of the company's stock, valued at approximately $456,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZETA. Raymond James & Associates lifted its position in shares of Zeta Global by 35.5% during the third 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. US Bancorp DE lifted its holdings in Zeta Global by 25.3% in the third quarter. US Bancorp DE now owns 10,150 shares of the company's stock worth $303,000 after acquiring an additional 2,047 shares during the last quarter. Stephens Inc. AR bought a new position in Zeta Global in the third quarter worth about $1,634,000. Farther Finance Advisors LLC lifted its holdings in Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company's stock worth $42,000 after acquiring an additional 1,360 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Zeta Global by 15.5% in the third quarter. Harbor Capital Advisors Inc. now owns 24,946 shares of the company's stock valued at $744,000 after purchasing an additional 3,350 shares during the period. 87.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZETA. Truist Financial restated a "buy" rating and issued a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. KeyCorp lowered shares of Zeta Global from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 14th. Morgan Stanley raised their price target on shares of Zeta Global from $23.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Oppenheimer raised their price target on shares of Zeta Global from $33.00 to $42.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Finally, Barclays dropped their price target on shares of 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. Four 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $36.86.

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Zeta Global Stock Down 1.2 %

Zeta Global stock traded down $0.19 during mid-day trading on Friday, hitting $15.86. The company's stock had a trading volume of 6,846,777 shares, compared to its average volume of 6,277,147. The firm's 50 day moving average is $19.16 and its 200 day moving average is $23.52. The company has a market cap of $3.76 billion, a PE ratio of -22.65, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global Holdings Corp. has a 52-week low of $10.05 and a 52-week high of $38.20.

Zeta Global Company 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.