Renaissance Technologies LLC Has $84.91 Million Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Renaissance Technologies LLC grew its holdings in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 98.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,719,762 shares of the company's stock after acquiring an additional 2,345,562 shares during the quarter. Renaissance Technologies LLC owned 1.99% of Zeta Global worth $84,909,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bleakley Financial Group LLC boosted its position in shares of Zeta Global by 4.7% during the fourth quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company's stock worth $254,000 after buying an additional 636 shares during the period. HighTower Advisors LLC grew its stake in shares of Zeta Global by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company's stock worth $668,000 after acquiring an additional 892 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Zeta Global by 1.6% in the fourth quarter. D.A. Davidson & CO. now owns 64,223 shares of the company's stock valued at $1,155,000 after purchasing an additional 987 shares during the last quarter. First Bank & Trust lifted its position in shares of Zeta Global by 10.6% in the fourth quarter. First Bank & Trust now owns 11,276 shares of the company's stock worth $203,000 after purchasing an additional 1,083 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in Zeta Global by 10.9% during the fourth quarter. Xponance Inc. now owns 13,897 shares of the company's stock worth $250,000 after purchasing an additional 1,365 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ZETA shares. Barclays dropped their price objective on Zeta Global from $32.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada decreased their price objective on shares of Zeta Global from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $28.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. 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. Finally, The Goldman Sachs Group cut their price objective on Zeta Global from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Zeta Global has an average rating of "Moderate Buy" and an average price target of $36.86.

Zeta Global Price Performance

Shares of NYSE ZETA traded down $0.20 during midday trading on Monday, reaching $11.86. The company's stock had a trading volume of 930,416 shares, compared to its average volume of 5,950,540. The company has a market cap of $2.82 billion, a P/E ratio of -16.94, a P/E/G ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a fifty-two week low of $10.93 and a fifty-two week 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. The business's 50 day moving average price is $16.61 and its two-hundred day moving average price is $21.00.

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.