Clearbridge Investments LLC Has $37.99 Million Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

Clearbridge Investments LLC lessened its holdings in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 29.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,111,522 shares of the company's stock after selling 897,346 shares during the period. Clearbridge Investments LLC owned approximately 0.89% of Zeta Global worth $37,986,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC increased its position in shares of Zeta Global by 4.7% during the 4th quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company's stock worth $254,000 after purchasing an additional 636 shares in the last quarter. HighTower Advisors LLC raised its position in Zeta Global by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company's stock worth $668,000 after purchasing an additional 892 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Zeta Global by 1.6% during the fourth quarter. D.A. Davidson & CO. now owns 64,223 shares of the company's stock worth $1,155,000 after acquiring an additional 987 shares during the last quarter. First Bank & Trust raised its holdings in Zeta Global by 10.6% during the 4th quarter. First Bank & Trust now owns 11,276 shares of the company's stock worth $203,000 after purchasing an additional 1,083 shares during the last quarter. Finally, Xponance Inc. lifted its holdings in Zeta Global by 10.9% in the fourth quarter. Xponance Inc. now owns 13,897 shares of the company's stock valued at $250,000 after buying an additional 1,365 shares during the period. Institutional investors own 87.75% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ZETA shares. William Blair reissued an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 26th. Morgan Stanley increased their price objective on Zeta Global from $23.00 to $25.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Royal Bank of Canada lowered their price target on shares of Zeta Global from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. The Goldman Sachs Group reduced their price objective on shares of Zeta Global from $30.00 to $27.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $43.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.86.

Zeta Global Stock Performance

Zeta Global stock traded down $1.37 during mid-day trading on Thursday, hitting $13.18. 5,527,307 shares of the company's stock traded hands, compared to its average volume of 5,021,645. Zeta Global Holdings Corp. has a fifty-two week low of $10.46 and a fifty-two week high of $38.20. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of -18.82, a P/E/G ratio of 1.65 and a beta of 1.18. The firm has a 50 day simple moving average of $17.72 and a two-hundred day simple moving average of $22.05. 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 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.