Cercano Management LLC Buys New Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Cercano Management LLC purchased a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 860,202 shares of the company's stock, valued at approximately $15,475,000. Cercano Management LLC owned approximately 0.36% of Zeta Global as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ZETA. Norges Bank bought a new position in Zeta Global in the fourth quarter worth approximately $43,236,000. Renaissance Technologies LLC raised its position in shares of Zeta Global by 98.8% in the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company's stock worth $84,909,000 after acquiring an additional 2,345,562 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Zeta Global by 119.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock worth $74,285,000 after purchasing an additional 2,244,953 shares during the last quarter. Battery Management Corp. bought a new stake in Zeta Global during the fourth quarter valued at about $15,954,000. Finally, Franklin Resources Inc. grew its stake in Zeta Global by 586.8% in the fourth quarter. Franklin Resources Inc. now owns 880,966 shares of the company's stock valued at $15,849,000 after purchasing an additional 752,697 shares during the last quarter. 87.75% of the stock is owned by institutional investors.

Zeta Global Price Performance

Shares of NYSE ZETA traded up $0.04 during midday trading on Friday, hitting $13.35. The company had a trading volume of 2,886,063 shares, compared to its average volume of 5,328,441. 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 business has a 50-day simple moving average of $13.39 and a two-hundred day simple moving average of $18.65. 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 capitalization of $3.17 billion, a price-to-earnings ratio of -19.07, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ZETA. Canaccord Genuity Group lowered their price target on Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Barclays dropped 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. Royal Bank of Canada dropped their price objective on shares of Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. DA Davidson lowered their price target on Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Truist Financial reduced their price objective on Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.36.

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.