Wells Fargo & Company MN Trims Stock Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Wells Fargo & Company MN lowered its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 319,008 shares of the company’s stock after selling 55,318 shares during the quarter. Wells Fargo & Company MN owned 0.13% of Zeta Global worth $5,739,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ZETA. Rakuten Securities Inc. acquired a new position in Zeta Global in the 4th quarter valued at $27,000. SBI Securities Co. Ltd. acquired a new position in shares of Zeta Global in the 4th quarter worth approximately $33,000. Heck Capital Advisors LLC bought a new stake in shares of Zeta Global during the 4th quarter valued at about $66,000. IFP Advisors Inc acquired a new stake in Zeta Global in the fourth quarter worth $72,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of Zeta Global during the fourth quarter valued at approximately $87,000. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Stock Performance

NYSE:ZETA opened at $11.46 on Friday. 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 firm’s 50-day moving average is $15.71 and its 200-day moving average is $20.44. Zeta Global Holdings Corp. has a 52-week low of $10.93 and a 52-week high of $38.20. The company has a market cap of $2.72 billion, a price-to-earnings ratio of -16.37, a PEG ratio of 1.65 and a beta of 1.29.

Analyst Upgrades and Downgrades

ZETA has been the topic of a number of research reports. Morgan Stanley dropped their price objective on Zeta Global from $25.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday. B. Riley reissued a “buy” rating and issued a $44.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. DA Davidson reduced their target price 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. Truist Financial dropped their price target on shares of Zeta Global from $42.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, 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 report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.36.

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.