Prudential Financial Inc. Cuts Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

Prudential Financial Inc. decreased its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 76.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,840 shares of the company's stock after selling 158,946 shares during the period. Prudential Financial Inc.'s holdings in Zeta Global were worth $861,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Zeta Global by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company's stock valued at $37,015,000 after purchasing an additional 293,583 shares during the period. Hodges Capital Management Inc. raised its position in shares of Zeta Global by 163.1% during the fourth quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company's stock valued at $7,798,000 after buying an additional 268,710 shares during the last quarter. Barclays PLC lifted its holdings in shares of Zeta Global by 36.4% in the third quarter. Barclays PLC now owns 420,518 shares of the company's stock worth $12,544,000 after buying an additional 112,238 shares in the last quarter. Nordea Investment Management AB bought a new position in shares of Zeta Global during the fourth quarter worth $2,444,000. Finally, State Street Corp grew its stake in Zeta Global by 12.2% during the third quarter. State Street Corp now owns 4,187,052 shares of the company's stock valued at $124,900,000 after acquiring an additional 455,944 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays dropped their price objective on shares of Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. Royal Bank of Canada cut their price target on Zeta Global from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. B. Riley reaffirmed a "buy" rating and set a $44.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. William Blair reissued an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Morgan Stanley boosted their price target on shares of Zeta Global from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $36.86.

Zeta Global Trading Up 3.0 %

NYSE ZETA traded up $0.36 during trading on Friday, hitting $12.07. The stock had a trading volume of 3,395,809 shares, compared to its average volume of 5,157,064. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of -17.24, a P/E/G ratio of 1.65 and a beta of 1.29. The stock has a 50 day simple moving average of $16.61 and a 200 day simple moving average of $21.07. Zeta Global Holdings Corp. has a one year low of $10.93 and a one year high of $38.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

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.