Zeta Global Holdings Corp. (NYSE:ZETA) Shares Sold by Capital World Investors

Capital World Investors lessened its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 63.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 726,449 shares of the company's stock after selling 1,248,192 shares during the period. Capital World Investors owned 0.31% of Zeta Global worth $13,069,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. increased its stake in Zeta Global by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company's stock worth $336,000 after buying an additional 592 shares during the period. Bleakley Financial Group LLC increased its stake in Zeta Global by 4.7% in the 4th quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company's stock worth $254,000 after buying an additional 636 shares during the period. D.A. Davidson & CO. increased its stake in Zeta Global by 1.6% in the 4th quarter. D.A. Davidson & CO. now owns 64,223 shares of the company's stock worth $1,155,000 after buying an additional 987 shares during the period. First Bank & Trust increased its stake in Zeta Global by 10.6% in the 4th quarter. First Bank & Trust now owns 11,276 shares of the company's stock worth $203,000 after buying an additional 1,083 shares during the period. Finally, Xponance Inc. increased its stake in Zeta Global by 10.9% in the 4th quarter. Xponance Inc. now owns 13,897 shares of the company's stock worth $250,000 after buying an additional 1,365 shares during the period. Hedge funds and other institutional investors own 87.75% of the company's stock.

Zeta Global Stock Performance

Shares of NYSE ZETA traded up $0.58 during mid-day trading on Friday, hitting $13.14. The stock had a trading volume of 3,790,213 shares, compared to its average volume of 5,257,223. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The company has a 50 day moving average of $14.58 and a two-hundred day moving average of $19.69. Zeta Global Holdings Corp. has a twelve month low of $10.69 and a twelve month high of $38.20. The firm has a market cap of $3.12 billion, a PE ratio of -18.77, a PEG ratio of 1.65 and a beta of 1.29.

Analysts Set New Price Targets

ZETA has been the topic of a number of research reports. Barclays cut their target price on shares of Zeta Global from $32.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and set a $43.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. The Goldman Sachs Group cut their price objective on shares of Zeta Global from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. DA Davidson reduced their price objective on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Royal Bank of Canada lowered their target price on shares of Zeta Global from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Four research 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $33.29.

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.