2,403,314 Shares in Zeta Global Holdings Corp. (NYSE:ZETA) Bought by Norges Bank

Norges Bank 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 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,403,314 shares of the company's stock, valued at approximately $43,236,000. Norges Bank owned about 1.01% of Zeta Global at the end of the most recent quarter.

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

Zeta Global Trading Up 9.8 %

Zeta Global stock traded up $1.15 during midday trading on Wednesday, hitting $12.78. 15,341,549 shares of the stock were exchanged, compared to its average volume of 5,134,727. Zeta Global Holdings Corp. has a 52 week low of $10.93 and a 52 week high of $38.20. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $3.04 billion, a PE ratio of -18.25, a P/E/G ratio of 1.65 and a beta of 1.29. The company has a fifty day simple moving average of $16.87 and a two-hundred day simple moving average of $21.32.

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Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Zeta Global from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Royal Bank of Canada lowered their price objective on Zeta Global from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. William Blair reissued an "outperform" rating on shares of Zeta Global in a 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 company an "equal weight" rating in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $28.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Four equities research 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 currently has a consensus rating of "Moderate Buy" and an average 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.