Ameriprise Financial Inc. Sells 1,578,186 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Ameriprise Financial Inc. trimmed its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 66.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 805,752 shares of the company's stock after selling 1,578,186 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.34% of Zeta Global worth $14,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Zeta Global by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company's stock worth $398,975,000 after purchasing an additional 489,499 shares during the period. Renaissance Technologies LLC grew its stake in Zeta Global by 98.8% during the fourth quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company's stock worth $84,909,000 after purchasing an additional 2,345,562 shares during the period. Geode Capital Management LLC grew its stake in Zeta Global by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company's stock worth $82,470,000 after purchasing an additional 306,592 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Zeta Global by 119.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock worth $74,285,000 after purchasing an additional 2,244,953 shares during the period. Finally, Norges Bank acquired a new stake in Zeta Global during the fourth quarter worth approximately $43,236,000. 87.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Morgan Stanley reduced their price objective on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. B. Riley reduced their price objective on Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Barclays reduced their price objective on Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group reduced their price objective on Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Finally, DA Davidson reduced their price objective on Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Zeta Global currently has an average rating of "Moderate Buy" and a consensus price target of $30.36.

Zeta Global Stock Down 1.4%

Shares of ZETA stock traded down $0.18 during trading hours on Friday, reaching $13.09. The company had a trading volume of 2,589,167 shares, compared to its average volume of 5,342,456. Zeta Global Holdings Corp. has a 12 month low of $10.69 and a 12 month high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The business has a fifty day simple moving average of $13.20 and a 200-day simple moving average of $17.76. The company has a market cap of $3.08 billion, a price-to-earnings ratio of -18.70, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29.

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.