M&T Bank Corp Invests $219,000 in Zeta Global Holdings Corp. (NYSE:ZETA)

M&T Bank Corp bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,127 shares of the company’s stock, valued at approximately $219,000.

A number of other large investors have also modified their holdings of the business. Optiver Holding B.V. raised its stake in shares of Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after buying an additional 532 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in Zeta Global by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company’s stock valued at $336,000 after purchasing an additional 592 shares in the last quarter. Coppell Advisory Solutions LLC increased 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 valued at $31,000 after purchasing an additional 1,201 shares in the last quarter. Xponance Inc. increased its stake in Zeta Global by 10.9% in the 4th quarter. Xponance Inc. now owns 13,897 shares of the company’s stock valued at $250,000 after purchasing an additional 1,365 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its stake in Zeta Global by 4.9% in the 1st quarter. Vontobel Holding Ltd. now owns 38,376 shares of the company’s stock valued at $520,000 after purchasing an additional 1,776 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ZETA has been the subject of several research analyst reports. Canaccord Genuity Group dropped their price objective on Zeta Global from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Needham & Company LLC dropped their price objective on Zeta Global from $43.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. B. Riley dropped their price objective 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. The Goldman Sachs Group dropped their price objective on Zeta Global from $27.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Finally, Truist Financial lowered their target price on Zeta Global from $42.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.36.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $15.62 on Friday. The company has a market cap of $3.68 billion, a P/E ratio of -53.86, a P/E/G ratio of 34.99 and a beta of 1.29. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.29. Zeta Global Holdings Corp. has a 52 week low of $10.69 and a 52 week high of $38.20. The business has a fifty day simple moving average of $14.10 and a 200-day simple moving average of $15.49.

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.