Bank of New York Mellon Corp Increases Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

Bank of New York Mellon Corp grew its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 39.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,078,997 shares of the company’s stock after acquiring an additional 306,229 shares during the quarter. Bank of New York Mellon Corp owned about 0.45% of Zeta Global worth $14,631,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Optiver Holding B.V. increased 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 buying an additional 532 shares during the period. Bartlett & CO. Wealth Management LLC purchased a new position in Zeta Global in the 1st quarter worth about $27,000. 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 worth $31,000 after buying an additional 1,201 shares during the period. Point72 Hong Kong Ltd purchased a new position in Zeta Global in the 4th quarter worth about $33,000. Finally, Heck Capital Advisors LLC purchased a new position in Zeta Global in the 4th quarter worth about $66,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Trading Down 1.8%

Shares of ZETA opened at $15.62 on Friday. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week high of $38.20. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average is $14.10 and its two-hundred day moving average is $15.47. The stock has a market cap of $3.68 billion, a PE ratio of -53.86, a price-to-earnings-growth ratio of 34.33 and a beta of 1.29.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ZETA shares. Morgan Stanley lowered their price target on shares of Zeta Global from $25.00 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. B. Riley lowered their price target on shares of Zeta Global from $44.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Truist Financial lowered their price target on shares of Zeta Global from $42.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Canaccord Genuity Group lowered their price target on shares of Zeta Global from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, The Goldman Sachs Group lowered their price target on shares of Zeta Global from $27.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.