Wealth Enhancement Advisory Services LLC Buys New Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Wealth Enhancement Advisory Services LLC bought a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,795 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Zeta Global by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company’s stock valued at $398,975,000 after purchasing an additional 489,499 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Zeta Global by 98.8% in the fourth 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 during the last quarter. Geode Capital Management LLC increased its holdings in Zeta Global by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company’s stock worth $82,470,000 after buying an additional 306,592 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in 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 during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Zeta Global during the fourth quarter valued at approximately $51,042,000. Institutional investors own 87.75% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ZETA shares. Canaccord Genuity Group lowered their price objective on shares of Zeta Global from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. B. Riley lowered their target price on Zeta Global from $44.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. DA Davidson lowered their price objective 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. Morgan Stanley decreased their target price on Zeta Global from $25.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.36.

Zeta Global Price Performance

Shares of ZETA opened at $12.62 on Tuesday. The firm has a market capitalization of $2.97 billion, a PE ratio of -18.02, a P/E/G ratio of 1.65 and a beta of 1.25. The stock has a 50 day simple moving average of $13.00 and a 200 day simple moving average of $16.46. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week high of $38.20.

Zeta Global 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.