Prospect Capital Advisors LLC Makes New $1.80 Million Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

Prospect Capital Advisors LLC bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 100,000 shares of the company’s stock, valued at approximately $1,799,000. Zeta Global accounts for approximately 1.0% of Prospect Capital Advisors LLC’s holdings, making the stock its 25th largest position.

Several other hedge funds have also recently bought and sold shares of ZETA. Barclays PLC raised its holdings in Zeta Global by 36.4% during the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock worth $12,544,000 after buying an additional 112,238 shares during the period. Franklin Resources Inc. raised its holdings in shares of Zeta Global by 86.0% in the third quarter. Franklin Resources Inc. now owns 128,269 shares of the company’s stock valued at $3,984,000 after purchasing an additional 59,311 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Zeta Global by 53.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 43,477 shares of the company’s stock valued at $782,000 after purchasing an additional 15,068 shares during the last quarter. Janney Capital Management LLC acquired a new stake in shares of Zeta Global in the fourth quarter valued at approximately $355,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Zeta Global by 273.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 77,745 shares of the company’s stock valued at $1,399,000 after purchasing an additional 56,910 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on ZETA shares. Canaccord Genuity Group lowered their price objective 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. The Goldman Sachs Group lowered their price objective 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. William Blair reiterated an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. Morgan Stanley lowered their price objective 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. Finally, B. Riley lowered their target price 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. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.36.

Zeta Global Stock Performance

NYSE ZETA opened at $14.52 on Thursday. The firm has a market capitalization of $3.45 billion, a P/E ratio of -20.74, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. The firm’s fifty day moving average price is $13.28 and its two-hundred day moving average price is $18.46. Zeta Global Holdings Corp. has a 1 year low of $10.69 and a 1 year high of $38.20. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

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.