Wellington Management Group LLP Invests $6.61 Million in Zeta Global Holdings Corp. (NYSE:ZETA)

Wellington Management Group LLP acquired a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 367,627 shares of the company's stock, valued at approximately $6,614,000. Wellington Management Group LLP owned 0.15% of Zeta Global as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ZETA. Optiver Holding B.V. raised its holdings in Zeta Global by 60.9% during the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock valued at $25,000 after acquiring an additional 532 shares during the period. Rakuten Securities Inc. bought a new position in shares of Zeta Global in the 4th quarter valued at about $27,000. Coppell Advisory Solutions LLC boosted its stake in Zeta Global by 244.1% during the fourth 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 stake in Zeta Global in the 4th quarter worth about $33,000. Finally, Point72 Hong Kong Ltd purchased a new position in Zeta Global during the 4th quarter valued at $33,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Stock Performance

NYSE:ZETA traded up $0.46 during trading hours on Thursday, hitting $13.66. 6,770,194 shares of the company were exchanged, compared to its average volume of 5,395,763. 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 Holdings Corp. has a 52-week low of $10.69 and a 52-week high of $38.20. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of -19.51, a PEG ratio of 1.65 and a beta of 1.25. The company's 50 day moving average price is $12.96 and its 200-day moving average price is $16.98.

Wall Street Analyst Weigh In

Several research firms have commented on ZETA. DA Davidson reduced their price objective on Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, April 14th. William Blair restated an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. Barclays cut their price target on Zeta Global from $32.00 to $18.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. Royal Bank of Canada decreased their price objective on Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Finally, The Goldman Sachs Group dropped their price objective on Zeta Global from $27.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock 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.