Zeta Global Holdings Corp. (NYSE:ZETA) Stock Position Boosted by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 1,314.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 178,200 shares of the company's stock after buying an additional 165,600 shares during the quarter. Canada Pension Plan Investment Board owned about 0.08% of Zeta Global worth $3,206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Barclays PLC lifted its position in Zeta Global by 36.4% in the third quarter. Barclays PLC now owns 420,518 shares of the company's stock worth $12,544,000 after purchasing an additional 112,238 shares during the period. Invst LLC acquired a new stake in shares of Zeta Global in the third quarter valued at $959,000. Virtu Financial LLC bought a new position in Zeta Global during the third quarter valued at about $757,000. Franklin Resources Inc. boosted its stake in Zeta Global by 86.0% during the third quarter. Franklin Resources Inc. now owns 128,269 shares of the company's stock valued at $3,984,000 after buying an additional 59,311 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in Zeta Global by 85.0% during the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock worth $170,332,000 after acquiring an additional 2,623,980 shares during the period. 87.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on ZETA. Truist Financial reduced their price objective on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. William Blair restated an "outperform" rating on shares of Zeta Global in a research report on Wednesday, February 26th. B. Riley cut their price objective on Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research report on Tuesday. DA Davidson decreased their target price on Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, The Goldman Sachs Group reduced their target price on Zeta Global from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Four investment 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $33.29.

Zeta Global Trading Up 2.5 %

NYSE ZETA opened at $11.29 on Wednesday. The company has a market capitalization of $2.68 billion, a PE ratio of -16.13, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a 1-year low of $10.69 and a 1-year high of $38.20. 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's fifty day simple moving average is $15.26 and its 200-day simple moving average is $20.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.