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

Centiva Capital LP bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 188,992 shares of the company's stock, valued at approximately $3,400,000. Centiva Capital LP owned approximately 0.08% of Zeta Global as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ZETA. Optiver Holding B.V. raised its stake in Zeta Global by 60.9% during the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock worth $25,000 after purchasing an additional 532 shares during the period. Rakuten Securities Inc. purchased a new position in Zeta Global during the 4th quarter valued at about $27,000. Coppell Advisory Solutions LLC increased its stake in Zeta Global by 244.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock worth $31,000 after buying an additional 1,201 shares during the period. SBI Securities Co. Ltd. purchased a new position in Zeta Global in the fourth quarter valued at $33,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Zeta Global during the fourth quarter worth about $66,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Trading Up 0.3 %

ZETA stock traded up $0.04 during midday trading on Friday, reaching $13.35. 2,886,063 shares of the company's stock traded hands, compared to its average volume of 5,328,441. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week high of $38.20. The business has a 50-day moving average price of $13.39 and a two-hundred day moving average price of $18.65. The company 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. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32.

Analysts Set New Price Targets

A number of analysts have issued reports on ZETA shares. Barclays lowered their price objective on Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a research report on Thursday, February 27th. Needham & Company LLC dropped their price target on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. The Goldman Sachs Group lowered their target price on shares of Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, May 5th. William Blair reiterated an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, B. Riley decreased their price objective on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Zeta Global presently has an average rating of "Moderate Buy" and a consensus target price 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.