Allspring Global Investments Holdings LLC Takes Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Allspring Global Investments Holdings LLC acquired a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 11,581 shares of the company’s stock, valued at approximately $162,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ZETA. Optiver Holding B.V. raised its stake in 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 purchasing an additional 532 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in Zeta Global in the 4th quarter worth about $27,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Zeta Global in the 1st quarter worth about $27,000. Coppell Advisory Solutions LLC raised its stake in Zeta Global by 244.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock worth $31,000 after purchasing an additional 1,201 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Zeta Global in the 4th quarter worth about $33,000. Institutional investors own 87.75% of the company’s stock.

Zeta Global Trading Down 6.1%

ZETA opened at $14.03 on Friday. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week high of $38.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.33 and a quick ratio of 3.33. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of -48.38, a PEG ratio of 32.88 and a beta of 1.29. The company’s 50 day moving average price is $13.94 and its two-hundred day moving average price is $15.60.

Analyst Upgrades and Downgrades

ZETA has been the subject of several analyst reports. Truist Financial dropped 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 note on Wednesday, April 16th. Canaccord Genuity Group dropped their price objective on shares of Zeta Global from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. B. Riley dropped their target price on shares of Zeta Global from $44.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group dropped their target price on shares of Zeta Global from $27.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Finally, DA Davidson dropped 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 report on Monday, April 14th. Four 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, the company has an average rating of “Moderate Buy” and an average price target 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.