Cibc World Markets Corp Acquires New Shares in Zeta Global Holdings Corp. (NYSE:ZETA)

Cibc World Markets Corp acquired a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,726 shares of the company's stock, valued at approximately $301,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ZETA. Left Brain Wealth Management LLC purchased a new position in Zeta Global during the 4th quarter valued at about $407,000. Swiss National Bank grew its position in shares of Zeta Global by 20.6% in the 4th quarter. Swiss National Bank now owns 379,500 shares of the company's stock worth $6,827,000 after buying an additional 64,700 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Zeta Global during the fourth quarter valued at approximately $6,351,000. Rakuten Securities Inc. bought a new position in shares of Zeta Global during the fourth quarter valued at approximately $27,000. Finally, Battery Management Corp. purchased a new stake in Zeta Global in the fourth quarter worth $15,954,000. 87.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on ZETA shares. Canaccord Genuity Group reissued a "buy" rating and set a $28.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Morgan Stanley boosted their price target on shares of Zeta Global from $23.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and set a $43.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. William Blair reiterated an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. Finally, B. Riley restated a "buy" rating and issued a $44.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Four research 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.86.

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Zeta Global Stock Down 4.9 %

ZETA stock traded down $0.74 during trading on Thursday, hitting $14.38. 3,455,528 shares of the stock traded hands, compared to its average volume of 4,925,470. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of -20.54, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global Holdings Corp. has a 1 year low of $10.30 and a 1 year high of $38.20. The firm's 50 day moving average is $18.10 and its two-hundred day moving average is $22.42.

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.