Raymond James Financial Inc. Takes Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Raymond James Financial Inc. bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 592,100 shares of the company's stock, valued at approximately $10,652,000. Raymond James Financial Inc. owned about 0.25% of Zeta Global as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ZETA. FMR LLC raised its position in shares of Zeta Global by 84,132.4% during the third quarter. FMR LLC now owns 3,561,347 shares of the company's stock worth $106,235,000 after acquiring an additional 3,557,119 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in Zeta Global by 85.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock worth $170,332,000 after purchasing an additional 2,623,980 shares during the last quarter. Summit Partners Public Asset Management LLC boosted its stake in shares of Zeta Global by 210.4% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company's stock valued at $74,978,000 after purchasing an additional 1,703,679 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Zeta Global by 18.8% during the third quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company's stock worth $127,302,000 after buying an additional 674,192 shares during the period. Finally, Stephens Investment Management Group LLC raised its stake in Zeta Global by 219.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 822,157 shares of the company's stock worth $14,791,000 after buying an additional 564,830 shares during the last quarter. 87.75% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ZETA. B. Riley reiterated a "buy" rating and set a $44.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. Barclays lowered their target price on 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 on the stock in a report on Friday, January 3rd. Morgan Stanley lifted their price objective 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 reissued a "buy" rating and set a $28.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $36.86.

Zeta Global Stock Up 8.8 %

NYSE ZETA traded up $1.28 during trading hours on Monday, hitting $15.71. The company's stock had a trading volume of 4,956,945 shares, compared to its average volume of 4,891,381. The company has a market capitalization of $3.73 billion, a PE ratio of -22.44, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a 52 week low of $10.30 and a 52 week high of $38.20. The company's 50-day simple moving average is $18.31 and its two-hundred day simple moving average is $22.67.

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.