Wells Fargo & Company MN Has $5.74 Million Stock Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Wells Fargo & Company MN lowered its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 14.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,008 shares of the company's stock after selling 55,318 shares during the period. Wells Fargo & Company MN owned 0.13% of Zeta Global worth $5,739,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lord Abbett & CO. LLC boosted its holdings in shares of Zeta Global by 85.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock valued at $170,332,000 after acquiring an additional 2,623,980 shares in the last quarter. Norges Bank bought a new position in Zeta Global in the fourth quarter valued at about $43,236,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Zeta Global by 119.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock valued at $74,285,000 after purchasing an additional 2,244,953 shares in the last quarter. Battery Management Corp. bought a new stake in shares of Zeta Global during the fourth quarter worth about $15,954,000. Finally, Franklin Resources Inc. raised its holdings in Zeta Global by 586.8% in the 4th quarter. Franklin Resources Inc. now owns 880,966 shares of the company's stock valued at $15,849,000 after buying an additional 752,697 shares during the last quarter. Institutional investors own 87.75% of the company's stock.

Zeta Global Stock Up 7.2 %

Shares of ZETA stock traded up $0.82 on Wednesday, reaching $12.13. 3,333,498 shares of the company were exchanged, compared to its average volume of 5,214,543. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $38.20. The company has a market cap of $2.88 billion, a price-to-earnings ratio of -17.31, a PEG ratio of 1.65 and a beta of 1.29. The company has a 50-day moving average of $15.26 and a 200-day moving average of $20.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. DA Davidson dropped their price target on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group lowered 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. Truist Financial reduced their target price on Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Needham & Company LLC restated a "buy" rating and set a $43.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Royal Bank of Canada reduced 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 note on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Zeta Global currently has an average rating of "Moderate Buy" and an average price target of $33.29.

About Zeta Global

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.