Proem Advisors LLC Takes Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Proem Advisors LLC purchased a new position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 55,000 shares of the company's stock, valued at approximately $989,000. Zeta Global accounts for about 0.3% of Proem Advisors LLC's portfolio, making the stock its 23rd biggest position.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Zeta Global by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company's stock valued at $398,975,000 after buying an additional 489,499 shares during the period. Lord Abbett & CO. LLC lifted its position in Zeta Global by 85.0% during the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock valued at $170,332,000 after buying an additional 2,623,980 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Zeta Global by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company's stock valued at $82,470,000 after buying an additional 306,592 shares in the last quarter. State Street Corp increased its stake in shares of Zeta Global by 12.2% in the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company's stock worth $124,900,000 after acquiring an additional 455,944 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Zeta Global by 119.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock worth $74,285,000 after acquiring an additional 2,244,953 shares in the last quarter. Institutional investors own 87.75% of the company's stock.

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Zeta Global Price Performance

NYSE ZETA traded down $0.45 during trading on Wednesday, hitting $11.18. 4,155,042 shares of the stock traded hands, compared to its average volume of 5,074,784. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a 12-month low of $10.93 and a 12-month high of $38.20. The firm has a 50-day simple moving average of $17.09 and a 200-day simple moving average of $21.49. The company has a market capitalization of $2.66 billion, a P/E ratio of -15.89, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ZETA. 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 report on Wednesday, February 26th. B. Riley reaffirmed a "buy" rating and issued a $44.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. The Goldman Sachs Group cut their price objective on shares of Zeta Global from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Canaccord Genuity Group reissued a "buy" rating and set a $28.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $43.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Four investment 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.86.

Zeta Global Company 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.