Ameriprise Financial Inc. Sells 1,578,186 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Ameriprise Financial Inc. cut its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 66.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 805,752 shares of the company’s stock after selling 1,578,186 shares during the period. Ameriprise Financial Inc. owned approximately 0.34% of Zeta Global worth $14,495,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Optiver Holding B.V. raised its position in shares of Zeta Global by 60.9% in the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after acquiring an additional 532 shares in the last quarter. Rakuten Securities Inc. bought a new stake in Zeta Global in the 4th quarter valued at about $27,000. Coppell Advisory Solutions LLC increased its position in Zeta Global by 244.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock valued at $31,000 after buying an additional 1,201 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Zeta Global in the 4th quarter valued at about $33,000. Finally, Heck Capital Advisors LLC bought a new stake in Zeta Global in the 4th quarter valued at about $66,000. 87.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ZETA has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their target price on Zeta Global from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. B. Riley decreased their target price on Zeta Global from $44.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Canaccord Genuity Group decreased their target price on Zeta Global from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. DA Davidson decreased their target price on Zeta Global from $42.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, The Goldman Sachs Group decreased their target price on Zeta Global from $27.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.36.

Zeta Global Price Performance

Shares of NYSE ZETA opened at $13.93 on Friday. Zeta Global Holdings Corp. has a twelve month low of $10.69 and a twelve month high of $38.20. The stock’s 50 day moving average price is $13.27 and its 200-day moving average price is $18.20. The company has a market capitalization of $3.28 billion, a PE ratio of -19.91, a PEG ratio of 1.65 and a beta of 1.29. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

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.