Wellington Management Group LLP Buys New Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

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

Other large investors also recently added to or reduced their stakes in the company. Optiver Holding B.V. raised its position in shares of Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock valued at $25,000 after buying an additional 532 shares during the period. Rakuten Securities Inc. purchased a new stake in Zeta Global in the fourth quarter valued at approximately $27,000. Coppell Advisory Solutions LLC raised its position in Zeta Global by 244.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock valued at $31,000 after purchasing an additional 1,201 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Zeta Global in the fourth quarter valued at approximately $33,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Zeta Global in the fourth quarter valued at approximately $33,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ZETA has been the topic of a number of research analyst reports. DA Davidson cut their target price 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. William Blair restated an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 26th. B. Riley dropped their price target on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Royal Bank of Canada dropped their price target on shares of 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, Canaccord Genuity Group lowered their target price on shares of Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Zeta Global presently has an average rating of "Moderate Buy" and a consensus price target of $30.36.

Zeta Global Price Performance

NYSE:ZETA traded up $0.32 during trading hours on Friday, reaching $13.96. 4,073,336 shares of the company traded hands, compared to its average volume of 5,435,054. The firm's 50-day moving average is $12.96 and its 200-day moving average is $16.88. The stock has a market cap of $3.29 billion, a P/E ratio of -19.94, a P/E/G ratio of 1.65 and a beta of 1.25. 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 1-year low of $10.69 and a 1-year high of $38.20.

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.