D. E. Shaw & Co. Inc. Sells 519,614 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

D. E. Shaw & Co. Inc. cut its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 26.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,433,747 shares of the company's stock after selling 519,614 shares during the period. D. E. Shaw & Co. Inc. owned 0.60% of Zeta Global worth $25,793,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ZETA. Hodges Capital Management Inc. grew its stake in Zeta Global by 163.1% in the fourth quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company's stock worth $7,798,000 after purchasing an additional 268,710 shares during the period. Barclays PLC grew its stake in Zeta Global by 36.4% in the third quarter. Barclays PLC now owns 420,518 shares of the company's stock worth $12,544,000 after purchasing an additional 112,238 shares during the period. Nordea Investment Management AB purchased a new stake in Zeta Global in the fourth quarter worth $2,444,000. Janney Montgomery Scott LLC grew its stake in Zeta Global by 273.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 77,745 shares of the company's stock worth $1,399,000 after purchasing an additional 56,910 shares during the period. Finally, Janney Capital Management LLC purchased a new stake in Zeta Global in the fourth quarter worth $355,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on ZETA. B. Riley dropped their target price on Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. 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 report on Wednesday, April 16th. Needham & Company LLC dropped their target price on Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Canaccord Genuity Group dropped their target price on Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, DA Davidson dropped 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. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Zeta Global presently has a consensus rating of "Moderate Buy" and an average target price of $30.36.

Zeta Global Stock Performance

NYSE:ZETA traded down $0.01 on Friday, hitting $13.93. The stock had a trading volume of 3,340,076 shares, compared to its average volume of 5,360,211. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of -19.91, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. 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's 50-day simple moving average is $13.27 and its two-hundred day simple moving average is $18.20. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week high of $38.20.

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.