Zeta Global Holdings Corp. (NYSE:ZETA) Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System lifted its holdings in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 16.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 179,383 shares of the company's stock after acquiring an additional 25,556 shares during the period. California State Teachers Retirement System owned approximately 0.08% of Zeta Global worth $3,227,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Stephens Investment Management Group LLC increased its holdings in Zeta Global by 219.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 822,157 shares of the company's stock valued at $14,791,000 after purchasing an additional 564,830 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Zeta Global by 10.1% during the fourth quarter. Principal Financial Group Inc. now owns 149,788 shares of the company's stock valued at $2,695,000 after buying an additional 13,730 shares during the last quarter. Cetera Investment Advisers bought a new stake in Zeta Global during the 4th quarter worth approximately $538,000. Bank of New York Mellon Corp raised its position in Zeta Global by 54.2% in the 4th quarter. Bank of New York Mellon Corp now owns 772,768 shares of the company's stock valued at $13,902,000 after buying an additional 271,562 shares during the last quarter. Finally, IFP Advisors Inc purchased a new stake in Zeta Global in the 4th quarter valued at about $72,000. 87.75% of the stock is owned by institutional investors.

Zeta Global Stock Performance

ZETA stock traded up $0.32 on Friday, hitting $13.96. The company's stock had a trading volume of 4,073,335 shares, compared to its average volume of 5,404,631. Zeta Global Holdings Corp. has a 1 year low of $10.69 and a 1 year high of $38.20. The firm has a 50 day moving average of $12.96 and a two-hundred day moving average of $16.93. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of -19.94, a price-to-earnings-growth ratio of 1.65 and a beta of 1.25.

Wall Street Analysts Forecast Growth

ZETA has been the subject of several recent research reports. Needham & Company LLC reduced their target price on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. 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. Barclays reduced their price target on shares of Zeta Global from $32.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 27th. Royal Bank of Canada decreased their target price 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 dropped their price target on shares of 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 investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Zeta Global presently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

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.