Cetera Investment Advisers Takes $538,000 Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Cetera Investment Advisers bought a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 29,920 shares of the company’s stock, valued at approximately $538,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ZETA. Norges Bank acquired a new position in Zeta Global during the 4th quarter worth about $43,236,000. Renaissance Technologies LLC lifted its position in Zeta Global by 98.8% during the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock worth $84,909,000 after buying an additional 2,345,562 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Zeta Global by 119.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company’s stock worth $74,285,000 after buying an additional 2,244,953 shares in the last quarter. Battery Management Corp. acquired a new position in Zeta Global during the 4th quarter worth about $15,954,000. Finally, Cercano Management LLC bought a new stake in Zeta Global during the 4th quarter worth about $15,475,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Stock Performance

Shares of ZETA stock opened at $13.09 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The stock has a market cap of $3.08 billion, a PE ratio of -18.70, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. The stock has a 50-day moving average of $13.18 and a 200-day moving average of $17.39. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $38.20.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ZETA shares. DA Davidson dropped their price objective on Zeta Global from $42.00 to $25.00 and set a “buy” rating for the company in a report on Monday, April 14th. Barclays dropped their price objective on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Royal Bank of Canada dropped their price objective on Zeta Global from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Morgan Stanley dropped their price objective on Zeta Global from $25.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, Truist Financial dropped their price objective on Zeta Global from $42.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.36.

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.