Clearbridge Investments LLC Sells 897,346 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

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

Other large investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its stake in Zeta Global by 119.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock valued at $74,285,000 after purchasing an additional 2,244,953 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of Zeta Global by 30.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 28,064 shares of the company's stock valued at $505,000 after acquiring an additional 6,569 shares during the period. Norges Bank acquired a new position in shares of Zeta Global in the fourth quarter valued at about $43,236,000. Blair William & Co. IL increased its position in Zeta Global by 172.5% during the fourth quarter. Blair William & Co. IL now owns 80,761 shares of the company's stock worth $1,453,000 after acquiring an additional 51,126 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Zeta Global during the fourth quarter worth about $906,000. 87.75% of the stock is owned by institutional investors.

Zeta Global Price Performance

NYSE:ZETA traded down $1.00 on Friday, hitting $12.16. The company had a trading volume of 6,704,299 shares, compared to its average volume of 5,045,859. The firm has a 50 day moving average of $17.48 and a two-hundred day moving average of $21.84. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of -17.36, a PEG ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a 52 week low of $11.24 and a 52 week high of $38.20. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

Analysts Set New Price Targets

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