Essex Investment Management Co. LLC Sells 150,455 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Essex Investment Management Co. LLC reduced its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 49.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 155,850 shares of the company's stock after selling 150,455 shares during the period. Essex Investment Management Co. LLC owned about 0.07% of Zeta Global worth $2,804,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ZETA. FMR LLC boosted its position in shares of Zeta Global by 84,132.4% during the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company's stock worth $106,235,000 after purchasing an additional 3,557,119 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock worth $170,332,000 after acquiring an additional 2,623,980 shares during the last quarter. Summit Partners Public Asset Management LLC lifted its position in Zeta Global by 210.4% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company's stock valued at $74,978,000 after acquiring an additional 1,703,679 shares in the last quarter. Battery Management Corp. acquired a new position in Zeta Global during the 4th quarter valued at about $15,954,000. Finally, Geode Capital Management LLC increased its holdings in Zeta Global by 18.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company's stock worth $127,302,000 after purchasing an additional 674,192 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

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Zeta Global Stock Down 5.9 %

Zeta Global stock traded down $0.85 during mid-day trading on Thursday, hitting $13.69. The company had a trading volume of 7,284,577 shares, compared to its average volume of 6,368,192. Zeta Global Holdings Corp. has a 12 month low of $10.13 and a 12 month high of $38.20. The company has a market capitalization of $3.25 billion, a PE ratio of -19.55, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The stock's 50 day moving average price is $18.90 and its two-hundred day moving average price is $23.25. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ZETA. B. Riley reissued a "buy" rating and set a $44.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Morgan Stanley lifted their target price on shares of Zeta Global from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $28.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. 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 research report on Tuesday, March 4th. Finally, Barclays reduced their price objective on Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $36.86.

About Zeta Global

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.