Bank of New York Mellon Corp Grows Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

Bank of New York Mellon Corp increased its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 39.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,078,997 shares of the company's stock after acquiring an additional 306,229 shares during the period. Bank of New York Mellon Corp owned about 0.45% of Zeta Global worth $14,631,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZETA. Vanguard Group Inc. lifted its position in shares of Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company's stock valued at $398,975,000 after acquiring an additional 489,499 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Zeta Global by 98.8% in the fourth 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Zeta Global by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company's stock valued at $82,470,000 after acquiring an additional 306,592 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Zeta Global by 119.1% in the fourth 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. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Zeta Global in the fourth quarter valued at approximately $51,042,000. 87.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group decreased their target price on Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. The Goldman Sachs Group reduced 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. B. Riley reduced their price objective on Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank Of Canada reduced their price objective on Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, Truist Financial reduced their price objective on Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Zeta Global currently has an average rating of "Moderate Buy" and an average target price of $30.36.

Zeta Global Stock Performance

Shares of NYSE:ZETA traded down $0.10 on Tuesday, reaching $15.53. The company's stock had a trading volume of 5,277,112 shares, compared to its average volume of 6,279,921. The stock's 50-day moving average is $14.10 and its two-hundred day moving average is $15.45. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week high of $38.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.33 and a quick ratio of 3.33. The stock has a market capitalization of $3.66 billion, a P/E ratio of -53.15, a PEG ratio of 34.33 and a beta of 1.29.

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.