Envestnet Asset Management Inc. Sells 34,626 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Envestnet Asset Management Inc. lessened its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 63.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,367 shares of the company's stock after selling 34,626 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Zeta Global were worth $366,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in shares of Zeta Global by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company's stock worth $37,015,000 after buying an additional 293,583 shares during the last quarter. Hodges Capital Management Inc. boosted its position 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 last quarter. Barclays PLC grew its stake in Zeta Global by 36.4% in the 3rd quarter. Barclays PLC now owns 420,518 shares of the company's stock valued at $12,544,000 after purchasing an additional 112,238 shares during the period. Nordea Investment Management AB purchased a new stake in shares of Zeta Global during the 4th quarter valued at $2,444,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Zeta Global by 273.1% during the 4th 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. Hedge funds and other institutional investors own 87.75% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on ZETA. DA Davidson reduced their price target on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Truist Financial lowered their price target on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Needham & Company LLC reduced their price objective on Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a report on Friday. Morgan Stanley lowered their target price on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, Canaccord Genuity Group decreased their price objective on Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a report on Friday. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Zeta Global presently has an average rating of "Moderate Buy" and an average price target of $30.36.

Zeta Global Stock Down 1.7 %

ZETA opened at $13.45 on Tuesday. The firm has a market capitalization of $3.20 billion, a P/E ratio of -19.21, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $38.20. The company has a fifty day moving average price of $13.67 and a 200-day moving average price of $18.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick 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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