Vanguard Group Inc. Reduces Holdings in Zeta Global Holdings Corp. $ZETA

Vanguard Group Inc. decreased its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 0.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,122,191 shares of the company’s stock after selling 55,400 shares during the period. Vanguard Group Inc. owned about 9.31% of Zeta Global worth $299,977,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Yong Rong HK Asset Management Ltd bought a new stake in shares of Zeta Global in the 1st quarter worth about $38,748,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Zeta Global during the 4th quarter worth about $51,042,000. Two Sigma Advisers LP bought a new stake in shares of Zeta Global during the 4th quarter worth about $32,571,000. Two Sigma Investments LP raised its position in shares of Zeta Global by 1,240.8% during the 4th quarter. Two Sigma Investments LP now owns 1,847,443 shares of the company’s stock worth $33,236,000 after buying an additional 1,709,654 shares in the last quarter. Finally, Man Group plc bought a new stake in shares of Zeta Global during the 4th quarter worth about $28,011,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ZETA shares. Canaccord Genuity Group boosted their target price on shares of Zeta Global from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Morgan Stanley boosted their price objective on shares of Zeta Global from $15.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. The Goldman Sachs Group boosted their target price on shares of Zeta Global from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. B. Riley decreased 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. Finally, Bank of America upped their price objective on shares of Zeta Global from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Zeta Global has an average rating of “Moderate Buy” and a consensus price target of $30.14.

Zeta Global Trading Up 7.1%

Shares of ZETA stock opened at $19.08 on Monday. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week high of $38.20. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of -100.42 and a beta of 1.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.25 and a current ratio of 3.25. The firm has a fifty day moving average of $15.46 and a 200-day moving average of $15.26.

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.