KLP Kapitalforvaltning AS Invests $729,000 in Zeta Global Holdings Corp. (NYSE:ZETA)

KLP Kapitalforvaltning AS purchased a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,500 shares of the company's stock, valued at approximately $729,000.

Several other hedge funds have also made changes to their positions in ZETA. Rakuten Securities Inc. acquired a new stake in Zeta Global during the 4th quarter worth approximately $27,000. SBI Securities Co. Ltd. acquired a new stake in shares of Zeta Global in the fourth quarter valued at $33,000. Heck Capital Advisors LLC purchased a new position in Zeta Global in the fourth quarter valued at $66,000. IFP Advisors Inc acquired a new position in Zeta Global during the 4th quarter worth $72,000. Finally, Transcendent Capital Group LLC acquired a new position in Zeta Global during the 4th quarter worth $87,000. Institutional investors and hedge funds own 87.75% of the company's stock.

Zeta Global Stock Performance

Shares of NYSE ZETA traded down $1.37 during midday trading on Thursday, reaching $13.18. 5,526,517 shares of the company were exchanged, compared to its average volume of 5,021,640. The stock has a fifty day simple moving average of $17.72 and a 200 day simple moving average of $22.05. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.13 billion, a P/E ratio of -18.82, a PEG ratio of 1.65 and a beta of 1.18. Zeta Global Holdings Corp. has a 1 year low of $10.46 and a 1 year high of $38.20.

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Analyst Ratings Changes

ZETA has been the subject of several recent research reports. Royal Bank of Canada decreased their price objective on Zeta Global from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. William Blair reiterated an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and issued a $43.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Canaccord Genuity Group reiterated a "buy" rating and set a $28.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, Morgan Stanley raised their price target on Zeta Global from $23.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Zeta Global currently has a consensus 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.