Centiva Capital LP Invests $3.40 Million in Zeta Global Holdings Corp. (NYSE:ZETA)

Centiva Capital LP purchased a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 188,992 shares of the company's stock, valued at approximately $3,400,000. Centiva Capital LP owned 0.08% of Zeta Global at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Zeta Global in the 4th quarter valued at approximately $43,236,000. Renaissance Technologies LLC lifted its holdings in Zeta Global by 98.8% in the fourth quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company's stock valued at $84,909,000 after acquiring an additional 2,345,562 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Zeta Global by 119.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock worth $74,285,000 after acquiring an additional 2,244,953 shares during the period. Battery Management Corp. purchased a new stake in shares of Zeta Global in the fourth quarter worth about $15,954,000. Finally, Cercano Management LLC bought a new position in Zeta Global during the fourth quarter worth $15,475,000. Hedge funds and other institutional investors own 87.75% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley decreased their target price on shares of Zeta Global from $25.00 to $15.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. William Blair reissued an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 26th. The Goldman Sachs Group reduced their target price on Zeta Global from $27.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday. DA Davidson reduced their target price on Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, B. Riley dropped their price target on Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Zeta Global has an average rating of "Moderate Buy" and an average price target of $30.36.

Zeta Global Stock Performance

Shares of ZETA opened at $13.45 on Tuesday. The stock has a 50-day simple moving average of $13.67 and a 200-day simple moving average of $18.97. The stock has a market capitalization of $3.20 billion, a PE ratio of -19.21, a PEG ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a 1 year low of $10.69 and a 1 year high of $38.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

Zeta Global 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.

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