16,500 Shares in Zeta Global Holdings Corp. (NYSE:ZETA) Acquired by PDT Partners LLC

PDT Partners LLC bought a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 16,500 shares of the company’s stock, valued at approximately $297,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Zeta Global during the fourth quarter valued at $43,236,000. Renaissance Technologies LLC grew its stake in Zeta Global by 98.8% during the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock valued at $84,909,000 after purchasing an additional 2,345,562 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Zeta Global by 119.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company’s stock valued at $74,285,000 after purchasing an additional 2,244,953 shares during the period. Battery Management Corp. purchased a new position in shares of Zeta Global in the fourth quarter worth about $15,954,000. Finally, Franklin Resources Inc. lifted its holdings in shares of Zeta Global by 586.8% during the fourth quarter. Franklin Resources Inc. now owns 880,966 shares of the company’s stock worth $15,849,000 after purchasing an additional 752,697 shares during the period. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Stock Up 1.5 %

ZETA stock opened at $13.69 on Friday. The stock has a market capitalization of $3.25 billion, a P/E ratio of -19.56, a P/E/G ratio of 1.65 and a beta of 1.29. The firm has a 50-day simple moving average of $13.76 and a 200-day simple moving average of $19.23. 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 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Barclays reduced their price target on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada cut their price target on Zeta Global from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Morgan Stanley decreased their price objective on Zeta Global from $25.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. DA Davidson dropped their target price on Zeta Global from $42.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $31.14.

About Zeta Global

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.