CIBC Private Wealth Group LLC Sells 5,287,564 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

CIBC Private Wealth Group LLC decreased its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 98.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,755 shares of the company's stock after selling 5,287,564 shares during the period. CIBC Private Wealth Group LLC's holdings in Zeta Global were worth $1,437,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Zeta Global by 14.0% in the third quarter. The Manufacturers Life Insurance Company now owns 125,057 shares of the company's stock valued at $3,730,000 after buying an additional 15,342 shares in the last quarter. FMR LLC lifted its holdings in shares of Zeta Global by 84,132.4% during the third quarter. FMR LLC now owns 3,561,347 shares of the company's stock valued at $106,235,000 after purchasing an additional 3,557,119 shares during the last quarter. Hilltop Holdings Inc. purchased a new stake in shares of Zeta Global during the third quarter valued at $571,000. HighTower Advisors LLC boosted its position in shares of Zeta Global by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company's stock valued at $668,000 after purchasing an additional 892 shares during the period. Finally, State Street Corp raised its holdings in Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company's stock worth $124,900,000 after buying an additional 455,944 shares during the period. 87.75% of the stock is owned by institutional investors and hedge funds.

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Zeta Global Stock Up 2.5 %

Shares of ZETA traded up $0.29 during mid-day trading on Tuesday, hitting $12.21. 1,315,257 shares of the company's stock were exchanged, compared to its average volume of 5,049,532. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of -17.33, a P/E/G ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a twelve month low of $10.93 and a twelve month high of $38.20. The firm has a fifty day moving average of $17.35 and a two-hundred day moving average of $21.68. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Wall Street Analyst Weigh In

Several research analysts have commented on ZETA shares. William Blair reiterated an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. Barclays cut their target price on shares of Zeta Global from $32.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 27th. The Goldman Sachs Group reduced their target price on Zeta Global from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Royal Bank of Canada dropped their price target 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. Finally, Morgan Stanley lifted their target price on Zeta Global from $23.00 to $25.00 and gave the company an "equal weight" rating in a research note 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 MarketBeat, the stock 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.