Bayesian Capital Management LP Makes New $1.21 Million Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

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

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in Zeta Global in the fourth quarter valued at $11,361,000. Bwcp LP increased its position in Zeta Global by 26.5% in the 4th quarter. Bwcp LP now owns 1,295,523 shares of the company's stock valued at $23,306,000 after acquiring an additional 271,708 shares during the period. PDT Partners LLC purchased a new stake in Zeta Global during the 4th quarter valued at approximately $297,000. Schonfeld Strategic Advisors LLC lifted its position in Zeta Global by 2,352.1% during the 4th 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 during the period. Finally, AQR Capital Management LLC grew its stake in shares of Zeta Global by 190.4% in the 4th quarter. AQR Capital Management LLC now owns 423,716 shares of the company's stock valued at $7,623,000 after purchasing an additional 277,795 shares during the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ZETA shares. B. Riley cut their price target on Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Truist Financial dropped their price target on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Barclays cut 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 report on Thursday, February 27th. Morgan Stanley dropped their target price on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada reduced their price target on Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

Zeta Global Price Performance

Shares of NYSE:ZETA traded up $0.10 on Thursday, hitting $13.30. The company had a trading volume of 4,783,338 shares, compared to its average volume of 5,322,841. The company has a market cap of $3.16 billion, a PE ratio of -18.99, a PEG ratio of 1.65 and a beta of 1.29. The business has a 50 day moving average of $13.52 and a 200 day moving average of $18.89. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week 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.