Blueshift Asset Management LLC Makes New Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

Blueshift Asset Management LLC acquired a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 39,524 shares of the company's stock, valued at approximately $711,000.

Other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. purchased a new stake in shares of Zeta Global during the fourth quarter valued at $27,000. SBI Securities Co. Ltd. purchased a new stake in shares of Zeta Global during the fourth quarter valued at $33,000. Advisors Asset Management Inc. boosted its position in Zeta Global by 104.1% in the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company's stock worth $66,000 after purchasing an additional 1,136 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in Zeta Global in the fourth quarter worth about $66,000. Finally, IFP Advisors Inc purchased a new position in Zeta Global in the fourth quarter worth about $72,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Price Performance

ZETA traded down $0.03 on Friday, hitting $14.40. 3,379,645 shares of the company's stock traded hands, compared to its average volume of 4,891,110. 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 Holdings Corp. has a one year low of $10.30 and a one year high of $38.20. The company's 50 day simple moving average is $18.31 and its 200-day simple moving average is $22.68. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of -20.56, a P/E/G ratio of 1.65 and a beta of 1.18.

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Analysts Set New Price Targets

ZETA has been the topic of several research reports. Royal Bank of Canada dropped their target price on Zeta Global from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. William Blair reissued an "outperform" rating on shares of Zeta Global in a research report on Wednesday, February 26th. B. Riley reissued a "buy" rating and issued a $44.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Canaccord Genuity Group reissued a "buy" rating and issued a $28.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, Morgan Stanley lifted their price objective on Zeta Global from $23.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.86.

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.