Allspring Global Investments Holdings LLC Decreases Stock Position in Zeta Global Holdings Corp. $ZETA

Allspring Global Investments Holdings LLC reduced its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 6.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,814 shares of the company’s stock after selling 767 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Zeta Global were worth $164,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ZETA. Wealth Enhancement Advisory Services LLC lifted its holdings in Zeta Global by 25.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,743 shares of the company’s stock valued at $200,000 after purchasing an additional 2,948 shares in the last quarter. Bartlett & CO. Wealth Management LLC purchased a new position in Zeta Global in the 1st quarter valued at about $27,000. Vontobel Holding Ltd. lifted its holdings in shares of Zeta Global by 4.9% during the 1st quarter. Vontobel Holding Ltd. now owns 38,376 shares of the company’s stock worth $520,000 after acquiring an additional 1,776 shares during the period. Wilson Asset Management International PTY Ltd. purchased a new position in shares of Zeta Global during the 1st quarter worth about $4,053,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Zeta Global during the 1st quarter worth about $360,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Zeta Global from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Canaccord Genuity Group increased their price objective on shares of Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of Zeta Global in a report on Thursday, October 9th. Bank of America increased 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. Finally, Truist Financial upped their price target on Zeta Global from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.67.

Zeta Global Trading Up 0.6%

Shares of NYSE ZETA opened at $18.80 on Monday. Zeta Global Holdings Corp. has a 12-month low of $10.69 and a 12-month high of $38.20. The company has a market cap of $4.47 billion, a price-to-earnings ratio of -98.92 and a beta of 1.29. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $19.58 and its 200 day simple moving average is $16.17.

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.