Bayesian Capital Management LP Takes $1.21 Million Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Bayesian Capital Management LP bought a new position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 67,013 shares of the company's stock, valued at approximately $1,206,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in Zeta Global during the fourth quarter worth $11,361,000. Bwcp LP raised its stake in Zeta Global by 26.5% during the fourth quarter. Bwcp LP now owns 1,295,523 shares of the company's stock worth $23,306,000 after purchasing an additional 271,708 shares during the period. PDT Partners LLC purchased a new stake in Zeta Global during the fourth quarter valued at about $297,000. Schonfeld Strategic Advisors LLC increased its position in shares of Zeta Global by 2,352.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 243,100 shares of the company's stock worth $4,373,000 after acquiring an additional 233,186 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Zeta Global by 190.4% during the fourth quarter. AQR Capital Management LLC now owns 423,716 shares of the company's stock worth $7,623,000 after purchasing an additional 277,795 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company's stock.

Zeta Global Trading Up 0.3 %

Zeta Global stock traded up $0.04 during mid-day trading on Friday, hitting $13.35. 2,886,063 shares of the company's stock were exchanged, compared to its average volume of 5,328,441. The company's 50 day simple moving average is $13.39 and its 200-day simple moving average is $18.65. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two 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. The firm has a market capitalization of $3.17 billion, a P/E ratio of -19.07, a PEG ratio of 1.65 and a beta of 1.29.

Wall Street Analyst Weigh In

Several research firms have recently commented on ZETA. DA Davidson reduced their target price on Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, April 14th. B. Riley lowered their target price on Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. 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 research note on Wednesday, April 16th. Canaccord Genuity Group reduced their price objective on shares of Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Royal Bank of Canada dropped their price target on Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Zeta Global currently has a consensus rating of "Moderate Buy" and an average price target of $30.36.

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.