Bank of New York Mellon Corp Grows Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Bank of New York Mellon Corp lifted its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 54.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 772,768 shares of the company's stock after acquiring an additional 271,562 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.33% of Zeta Global worth $13,902,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company's stock valued at $42,000 after acquiring an additional 1,360 shares during the period. Covestor Ltd grew its stake in shares of Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company's stock valued at $45,000 after acquiring an additional 1,451 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company's stock valued at $66,000 after acquiring an additional 1,136 shares during the period. Heck Capital Advisors LLC bought a new position in Zeta Global in the 4th quarter worth approximately $66,000. Finally, IFP Advisors Inc bought a new position in Zeta Global in the 4th quarter worth approximately $72,000. 87.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ZETA shares. The Goldman Sachs Group dropped their price target on Zeta Global from $30.00 to $27.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. B. Riley restated a "buy" rating and issued a $44.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. Morgan Stanley upped their price target on Zeta Global from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Canaccord Genuity Group restated a "buy" rating and issued a $28.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, William Blair restated an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Zeta Global has a consensus rating of "Moderate Buy" and a consensus price target of $36.86.

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Zeta Global Trading Up 1.5 %

NYSE:ZETA traded up $0.21 during midday trading on Friday, hitting $13.91. 7,203,851 shares of the company traded hands, compared to its average volume of 4,844,946. The firm's fifty day moving average is $18.70 and its 200-day moving average is $23.09. Zeta Global Holdings Corp. has a 12-month low of $10.28 and a 12-month high of $38.20. The firm has a market capitalization of $3.31 billion, a P/E ratio of -19.87, a P/E/G ratio of 1.65 and a beta of 1.18. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

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.