Sei Investments Co. Sells 65,670 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Sei Investments Co. trimmed its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 26.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 185,911 shares of the company's stock after selling 65,670 shares during the quarter. Sei Investments Co. owned about 0.08% of Zeta Global worth $3,345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Zeta Global by 14.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 125,057 shares of the company's stock worth $3,730,000 after purchasing an additional 15,342 shares in the last quarter. FMR LLC increased its holdings in Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company's stock worth $106,235,000 after buying an additional 3,557,119 shares in the last quarter. Hilltop Holdings Inc. purchased a new position in Zeta Global in the 3rd quarter worth about $571,000. HighTower Advisors LLC lifted its stake in Zeta Global by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company's stock valued at $668,000 after acquiring an additional 892 shares during the period. Finally, State Street Corp boosted its holdings in shares of Zeta Global by 12.2% during the 3rd 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 during the last quarter. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Stock Performance

NYSE ZETA traded down $0.33 on Tuesday, reaching $11.59. 4,905,289 shares of the stock were exchanged, compared to its average volume of 5,078,078. The firm has a market capitalization of $2.76 billion, a PE ratio of -16.56, a PEG ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a one year low of $10.93 and a one year high of $38.20. The company's 50-day simple moving average is $17.09 and its two-hundred day simple moving average is $21.49. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

Remove Ads

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of Zeta Global from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Barclays lowered their price target on Zeta Global from $32.00 to $18.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. B. Riley reiterated a "buy" rating and set a $44.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Morgan Stanley increased their target price on Zeta Global from $23.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group reduced their price target on shares of 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 investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.