Bank of New York Mellon Corp Purchases 306,229 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

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

Several other institutional investors and hedge funds also recently made changes to their positions in ZETA. Principal Financial Group Inc. lifted its stake in Zeta Global by 3.6% in the first quarter. Principal Financial Group Inc. now owns 155,138 shares of the company's stock valued at $2,104,000 after acquiring an additional 5,350 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Zeta Global in the first quarter valued at about $360,000. Wilson Asset Management International PTY Ltd. acquired a new position in Zeta Global during the first quarter worth about $4,053,000. Vontobel Holding Ltd. boosted its stake in shares of Zeta Global by 4.9% in the 1st quarter. Vontobel Holding Ltd. now owns 38,376 shares of the company's stock valued at $520,000 after purchasing an additional 1,776 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Zeta Global in the 1st quarter valued at approximately $162,000. Institutional investors and hedge funds own 87.75% of the company's stock.

Zeta Global Trading Up 6.0%

Shares of Zeta Global stock traded up $0.94 during midday trading on Wednesday, reaching $16.56. 10,093,375 shares of the company's stock traded hands, compared to its average volume of 6,337,008. The company has a market cap of $3.90 billion, a PE ratio of -57.08, a price-to-earnings-growth ratio of 41.62 and a beta of 1.29. The stock has a 50 day moving average of $14.18 and a 200-day moving average of $15.43. 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 0.29, a quick ratio of 3.33 and a current ratio of 3.33.

Wall Street Analyst Weigh In

Several brokerages recently commented on ZETA. Truist Financial reduced their target price on 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 dropped their price objective on Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Royal Bank Of Canada dropped their price objective on Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Morgan Stanley cut their price target on shares of Zeta Global from $25.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Canaccord Genuity Group lowered their price objective on Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Zeta Global currently has a consensus rating of "Moderate Buy" and an average target price of $30.36.

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.