Alliancebernstein L.P. grew its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 13.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 220,650 shares of the company's stock after acquiring an additional 26,135 shares during the period. Alliancebernstein L.P. owned about 0.09% of Zeta Global worth $3,969,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Zeta Global by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company's stock worth $398,975,000 after buying an additional 489,499 shares during the period. Lord Abbett & CO. LLC lifted its stake in Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock worth $170,332,000 after acquiring an additional 2,623,980 shares during the period. Geode Capital Management LLC grew its holdings in Zeta Global by 18.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company's stock worth $127,302,000 after acquiring an additional 674,192 shares in the last quarter. State Street Corp increased its position in Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company's stock valued at $124,900,000 after purchasing an additional 455,944 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Zeta Global by 119.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock valued at $74,285,000 after purchasing an additional 2,244,953 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on ZETA. B. Riley reissued a "buy" rating and set a $44.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Royal Bank of Canada reduced their price target on Zeta Global from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. William Blair reaffirmed an "outperform" rating on shares of Zeta Global in a research report on Wednesday, February 26th. The Goldman Sachs Group reduced their target price on shares of Zeta Global from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Finally, 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 report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $36.86.
Check Out Our Latest Stock Analysis on ZETA
Zeta Global Price Performance
NYSE ZETA opened at $12.07 on Monday. The stock's fifty day moving average price is $16.61 and its 200 day moving average price is $21.00. Zeta Global Holdings Corp. has a 1 year low of $10.93 and a 1 year high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The company has a market cap of $2.87 billion, a price-to-earnings ratio of -17.24, a PEG ratio of 1.65 and a beta of 1.29.
About Zeta Global
(
Free Report)
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.
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