Royce & Associates LP Cuts Stock Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Royce & Associates LP cut its holdings in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 50.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,000 shares of the company's stock after selling 88,000 shares during the quarter. Royce & Associates LP's holdings in Zeta Global were worth $1,583,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ZETA. FMR LLC boosted its stake in Zeta Global by 84,132.4% during the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company's stock worth $106,235,000 after purchasing an additional 3,557,119 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in Zeta Global by 85.0% in 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 in the last quarter. Summit Partners Public Asset Management LLC grew its position in shares of Zeta Global by 210.4% in the third 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 in the last quarter. Battery Management Corp. acquired a new stake in shares of Zeta Global in the fourth quarter valued at approximately $15,954,000. Finally, Geode Capital Management LLC lifted its position in 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 in the last quarter. Hedge funds and other institutional investors own 87.75% of the company's stock.

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Zeta Global Trading Up 8.8 %

Zeta Global stock traded up $1.28 during midday trading on Monday, reaching $15.71. 4,959,182 shares of the stock traded hands, compared to its average volume of 4,891,382. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The firm has a market cap 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 50-day simple moving average of $18.31 and a two-hundred day simple moving average of $22.67. Zeta Global Holdings Corp. has a 12-month low of $10.30 and a 12-month high of $38.20.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ZETA. Barclays cut their target price on Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada reduced their target price on shares of Zeta Global from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Morgan Stanley boosted 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. Canaccord Genuity Group restated a "buy" rating and set a $28.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group decreased their price objective on Zeta Global from $30.00 to $27.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Four research 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, the company has an average rating of "Moderate Buy" and a consensus target price of $36.86.

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.