Goldman Sachs Group Inc. increased its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA – Free Report) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,582,446 shares of the company’s stock after acquiring an additional 673,145 shares during the period. Goldman Sachs Group Inc. owned about 2.32% of Zeta Global worth $113,603,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in ZETA. Disciplined Growth Investors Inc. MN acquired a new stake in shares of Zeta Global during the third quarter worth $121,502,000. Norges Bank acquired a new stake in shares of Zeta Global during the fourth quarter worth $46,975,000. M&T Bank Corp raised its holdings in shares of Zeta Global by 12,545.2% during the fourth quarter. M&T Bank Corp now owns 2,233,649 shares of the company’s stock worth $45,455,000 after acquiring an additional 2,215,985 shares during the period. Annex Advisory Services LLC acquired a new stake in shares of Zeta Global during the fourth quarter worth $42,136,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Zeta Global by 1,821.9% during the fourth quarter. BNP Paribas Financial Markets now owns 1,535,271 shares of the company’s stock worth $31,243,000 after acquiring an additional 1,455,387 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
ZETA has been the topic of a number of research analyst reports. B. Riley Financial restated a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research report on Monday, April 20th. Wall Street Zen downgraded shares of Zeta Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. KeyCorp raised shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 target price for the company in a research report on Tuesday, April 28th. Finally, DA Davidson raised their target price on shares of Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Zeta Global currently has a consensus rating of “Moderate Buy” and an average price target of $27.83.
Zeta Global Stock Down 1.1%
Zeta Global stock opened at $21.77 on Tuesday. The company has a market cap of $5.43 billion, a P/E ratio of -197.91, a price-to-earnings-growth ratio of 3.43 and a beta of 1.34. Zeta Global Holdings Corp. has a 1-year low of $12.10 and a 1-year high of $25.95. The company has a fifty day simple moving average of $18.04 and a 200 day simple moving average of $18.42. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22.
Zeta Global Profile
Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.
At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.
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