Bryce Point Capital LLC Makes New $467,000 Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

Bryce Point Capital LLC bought a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,958 shares of the company's stock, valued at approximately $467,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its holdings in Zeta Global by 14.0% during the third quarter. The Manufacturers Life Insurance Company now owns 125,057 shares of the company's stock valued at $3,730,000 after purchasing an additional 15,342 shares during the last quarter. Hilltop Holdings Inc. purchased a new position in Zeta Global in the 3rd quarter valued at approximately $571,000. HighTower Advisors LLC raised its holdings in Zeta Global by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company's stock valued at $668,000 after acquiring an additional 892 shares during the period. State Street Corp lifted its position in shares of Zeta Global by 12.2% during the third quarter. State Street Corp now owns 4,187,052 shares of the company's stock worth $124,900,000 after acquiring an additional 455,944 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in shares of Zeta Global in the third quarter worth $734,000. 87.75% of the stock is owned by institutional investors.

Zeta Global Stock Down 9.4 %

Shares of ZETA stock traded down $1.21 during trading hours on Thursday, reaching $11.67. 2,310,992 shares of the company's stock were exchanged, compared to its average volume of 5,124,232. Zeta Global Holdings Corp. has a fifty-two week low of $10.93 and a fifty-two week high of $38.20. The stock's 50 day moving average is $16.87 and its 200-day moving average is $21.32. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The company has a market cap of $2.77 billion, a price-to-earnings ratio of -16.66, a P/E/G ratio of 1.65 and a beta of 1.29.

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Analyst Ratings Changes

A number of research firms recently weighed in on ZETA. B. Riley reaffirmed a "buy" rating and set a $44.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $28.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and set a $43.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Royal Bank of Canada decreased their price target on shares of Zeta Global from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Finally, Barclays reduced 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. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Zeta Global currently has an average rating of "Moderate Buy" and an average price target of $36.86.

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.