48,693 Shares in Zeta Global Holdings Corp. (NYSE:ZETA) Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 48,693 shares of the company's stock, valued at approximately $906,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. IvyRock Asset Management HK Ltd purchased a new stake in Zeta Global in the fourth quarter worth about $234,000. Advantage Alpha Capital Partners LP increased its holdings in Zeta Global by 72.9% in the 4th quarter. Advantage Alpha Capital Partners LP now owns 362,245 shares of the company's stock worth $6,517,000 after acquiring an additional 152,767 shares in the last quarter. Summit Creek Advisors LLC raised its stake in Zeta Global by 0.3% during the 4th quarter. Summit Creek Advisors LLC now owns 784,226 shares of the company's stock worth $14,108,000 after acquiring an additional 2,627 shares during the period. Vanguard Group Inc. boosted its position in shares of Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company's stock worth $398,975,000 after purchasing an additional 489,499 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Zeta Global by 100.9% in the fourth quarter. LPL Financial LLC now owns 148,097 shares of the company's stock worth $2,664,000 after purchasing an additional 74,396 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company's stock.

Zeta Global Trading Down 7.6 %

ZETA stock traded down $1.00 during midday trading on Friday, reaching $12.16. 6,704,299 shares of the company traded hands, compared to its average volume of 5,045,859. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of -17.36, a P/E/G ratio of 1.65 and a beta of 1.29. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The business has a 50 day moving average of $17.48 and a 200-day moving average of $21.80. Zeta Global Holdings Corp. has a 52-week low of $11.24 and a 52-week high of $38.20.

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Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $43.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Royal Bank of Canada cut their target price on Zeta Global from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Morgan Stanley boosted 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. Canaccord Genuity Group reaffirmed a "buy" rating and set a $28.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Finally, 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 report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.