367,627 Shares in Zeta Global Holdings Corp. (NYSE:ZETA) Acquired by Wellington Management Group LLP

Wellington Management Group LLP acquired a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 367,627 shares of the company's stock, valued at approximately $6,614,000. Wellington Management Group LLP owned approximately 0.15% of Zeta Global as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Bleakley Financial Group LLC increased its stake in shares of Zeta Global by 4.7% in the fourth quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company's stock valued at $254,000 after buying an additional 636 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Zeta Global by 4.2% during the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company's stock worth $668,000 after purchasing an additional 892 shares during the period. D.A. Davidson & CO. grew its stake in shares of Zeta Global by 1.6% in the fourth quarter. D.A. Davidson & CO. now owns 64,223 shares of the company's stock worth $1,155,000 after purchasing an additional 987 shares during the last quarter. First Bank & Trust raised its position in Zeta Global by 10.6% during the 4th quarter. First Bank & Trust now owns 11,276 shares of the company's stock worth $203,000 after purchasing an additional 1,083 shares during the last quarter. Finally, Xponance Inc. grew its position in shares of Zeta Global by 10.9% in the 4th quarter. Xponance Inc. now owns 13,897 shares of the company's stock valued at $250,000 after buying an additional 1,365 shares during the last quarter. 87.75% of the stock is owned by institutional investors.

Remove Ads

Zeta Global Stock Performance

NYSE ZETA traded down $0.14 during trading hours on Tuesday, reaching $11.77. 1,028,834 shares of the company were exchanged, compared to its average volume of 5,148,287. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $2.80 billion, a P/E ratio of -16.81, a P/E/G ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a 1 year low of $10.93 and a 1 year high of $38.20. The business's 50 day simple moving average is $16.47 and its 200-day simple moving average is $20.88.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. B. Riley reaffirmed a "buy" rating and issued a $44.00 price objective on shares of Zeta Global in a research note on Wednesday, February 26th. 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 report on Thursday, February 27th. DA Davidson lowered their target price on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research note on Monday. Canaccord Genuity Group reaffirmed a "buy" rating and set a $28.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, Morgan Stanley boosted their price objective on Zeta Global from $23.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.64.

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.