Diker Management LLC Takes Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Diker Management LLC purchased a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 200,000 shares of the company's stock, valued at approximately $3,598,000. Zeta Global makes up approximately 3.1% of Diker Management LLC's portfolio, making the stock its 6th largest holding. Diker Management LLC owned about 0.08% of Zeta Global at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Zeta Global in the fourth quarter valued at approximately $43,236,000. Renaissance Technologies LLC increased its position in Zeta Global by 98.8% in the 4th 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 raised its stake in Zeta Global by 119.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock valued at $74,285,000 after acquiring an additional 2,244,953 shares in the last quarter. Battery Management Corp. acquired a new position in Zeta Global during the 4th quarter worth $15,954,000. Finally, Cercano Management LLC bought a new position in shares of Zeta Global in the fourth quarter worth $15,475,000. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Stock Up 4.2%

NYSE:ZETA traded up $0.60 on Tuesday, hitting $14.92. 2,505,617 shares of the company's stock traded hands, compared to its average volume of 5,615,149. The company has a market cap of $3.55 billion, a PE ratio of -21.31, a price-to-earnings-growth 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 current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $13.33 and a 200-day moving average price of $18.51.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ZETA. The Goldman Sachs Group cut their price objective on shares of Zeta Global from $27.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Truist Financial decreased their price objective on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. William Blair reissued an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. Morgan Stanley cut their target price on 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. Finally, DA Davidson lowered their price target on Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.