Arrowstreet Capital Limited Partnership Purchases 2,244,953 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Arrowstreet Capital Limited Partnership lifted its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 119.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,129,255 shares of the company's stock after purchasing an additional 2,244,953 shares during the period. Arrowstreet Capital Limited Partnership owned 1.74% of Zeta Global worth $74,285,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company's stock worth $398,975,000 after purchasing an additional 489,499 shares in the last quarter. Lord Abbett & CO. LLC grew its position in shares of Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock worth $170,332,000 after buying an additional 2,623,980 shares during the period. Geode Capital Management LLC increased its stake in shares of Zeta Global by 18.8% in 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 lifted 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 acquiring an additional 455,944 shares during the period. Finally, FMR LLC boosted its stake in Zeta Global by 84,132.4% during the third quarter. FMR LLC now owns 3,561,347 shares of the company's stock worth $106,235,000 after acquiring an additional 3,557,119 shares in the last quarter. Institutional investors own 87.75% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. William Blair reaffirmed an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 26th. Royal Bank of Canada lowered their price objective on Zeta Global from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Needham & Company LLC reissued a "buy" rating and issued a $43.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. B. Riley restated a "buy" rating and set a $44.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group dropped their price target on shares of Zeta Global from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $36.86.

Zeta Global Stock Performance

Zeta Global stock traded up $0.54 during midday trading on Wednesday, reaching $14.57. 3,694,684 shares of the company traded hands, compared to its average volume of 5,004,154. Zeta Global Holdings Corp. has a 12 month low of $10.30 and a 12 month 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 business has a 50 day moving average of $17.81 and a two-hundred day moving average of $22.10. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of -20.81, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18.

Zeta Global 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.