Connor Clark & Lunn Investment Management Ltd. Takes Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 353,018 shares of the company's stock, valued at approximately $6,351,000. Connor Clark & Lunn Investment Management Ltd. owned 0.15% of Zeta Global at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of Zeta Global by 512.3% in the 3rd quarter. Principal Financial Group Inc. now owns 136,058 shares of the company's stock valued at $4,059,000 after purchasing an additional 113,838 shares in the last quarter. Atria Investments Inc purchased a new stake in shares of Zeta Global during the third quarter worth about $358,000. Covestor Ltd boosted its position in shares of Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company's stock worth $45,000 after acquiring an additional 1,451 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Zeta Global in the third quarter worth approximately $448,000. Finally, Victory Capital Management Inc. lifted its position in Zeta Global by 229.9% during the third quarter. Victory Capital Management Inc. now owns 68,660 shares of the company's stock valued at $2,048,000 after buying an additional 47,849 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

Zeta Global Trading Up 3.8 %

NYSE:ZETA traded up $0.53 during midday trading on Wednesday, hitting $14.39. The stock had a trading volume of 3,294,580 shares, compared to its average volume of 6,295,333. The stock has a 50-day moving average of $18.53 and a 200 day moving average of $22.91. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of -20.56, a PEG ratio of 1.65 and a beta of 1.18. Zeta Global Holdings Corp. has a one year low of $10.30 and a one year high of $38.20.

Remove Ads

Analyst Ratings Changes

A number of research firms have commented on ZETA. Royal Bank of Canada reduced their price objective 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. Morgan Stanley raised their price objective 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. B. Riley reiterated a "buy" rating and issued a $44.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. The Goldman Sachs Group dropped their price target on shares of Zeta Global from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Finally, Needham & Company LLC restated a "buy" rating and issued a $43.00 price objective on shares of Zeta Global in a research note on Wednesday, February 26th. Four investment 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.