Zeta Global Holdings Corp. (NYSE:ZETA) Shares Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC raised its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 309.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,851 shares of the company's stock after purchasing an additional 30,867 shares during the period. Counterpoint Mutual Funds LLC's holdings in Zeta Global were worth $735,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Cibc World Markets Corp purchased a new position in shares of Zeta Global during the fourth quarter worth approximately $301,000. Left Brain Wealth Management LLC purchased a new position in shares of Zeta Global during the fourth quarter worth approximately $407,000. Swiss National Bank grew its position in shares of Zeta Global by 20.6% during the fourth quarter. Swiss National Bank now owns 379,500 shares of the company's stock worth $6,827,000 after acquiring 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 worth approximately $6,351,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Zeta Global during the fourth quarter worth approximately $27,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Price Performance

Shares of ZETA stock traded up $0.06 during mid-day trading on Thursday, reaching $14.44. The stock had a trading volume of 2,774,548 shares, compared to its average volume of 4,864,167. Zeta Global Holdings Corp. has a 12-month low of $10.30 and a 12-month high of $38.20. The company has a market cap of $3.43 billion, a P/E ratio of -20.63, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The business has a 50-day simple moving average of $18.45 and a 200 day simple moving average of $22.85. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Barclays lowered 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 report on Thursday, February 27th. Morgan Stanley increased their price target on Zeta Global from $23.00 to $25.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. William Blair reaffirmed an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and set a $43.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group decreased their price target on Zeta Global from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.