Geode Capital Management LLC Increases Stock Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Geode Capital Management LLC grew its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,573,271 shares of the company's stock after acquiring an additional 306,592 shares during the period. Geode Capital Management LLC owned 1.93% of Zeta Global worth $82,470,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Franklin Resources Inc. lifted its holdings in Zeta Global by 586.8% during the 4th quarter. Franklin Resources Inc. now owns 880,966 shares of the company's stock worth $15,849,000 after purchasing an additional 752,697 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Zeta Global by 13.4% during the fourth quarter. Alliancebernstein L.P. now owns 220,650 shares of the company's stock valued at $3,969,000 after buying an additional 26,135 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Zeta Global in the fourth quarter worth about $6,614,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Zeta Global by 119.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock valued at $74,285,000 after acquiring an additional 2,244,953 shares during the period. Finally, Pictet Asset Management Holding SA grew its stake in Zeta Global by 30.6% during 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 in the last quarter. 87.75% of the stock is owned by institutional investors.

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Zeta Global Trading Down 1.2 %

NYSE ZETA traded down $0.14 during trading on Tuesday, hitting $11.77. 1,028,834 shares of the company's stock traded hands, compared to its average volume of 5,148,287. The stock has a fifty day moving average of $16.47 and a two-hundred day moving average of $20.88. Zeta Global Holdings Corp. has a 12-month low of $10.93 and a 12-month high of $38.20. The firm has a market cap of $2.80 billion, a P/E ratio of -16.81, a PEG ratio of 1.65 and a beta of 1.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32.

Analysts Set New Price Targets

ZETA has been the subject of several analyst reports. The Goldman Sachs Group cut their price target on shares of Zeta Global from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. B. Riley restated a "buy" rating and set a $44.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Canaccord Genuity Group restated a "buy" rating and issued a $28.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Morgan Stanley lifted their price target on Zeta Global from $23.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Finally, Barclays decreased their price objective 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. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Zeta Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.64.

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.