California State Teachers Retirement System Grows Position in Zeta Global Holdings Corp. (NYSE:ZETA)

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

Other institutional investors also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. bought a new stake in Zeta Global in the 4th quarter worth approximately $51,042,000. Norges Bank purchased a new position in shares of Zeta Global in the 4th quarter worth $43,236,000. Renaissance Technologies LLC grew its holdings 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 worth $84,909,000 after acquiring an additional 2,345,562 shares during the period. Arrowstreet Capital Limited Partnership increased its position 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 valued at $74,285,000 after acquiring an additional 2,244,953 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new position in Zeta Global in the fourth quarter valued at about $32,571,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ZETA has been the subject of a number of recent research reports. Canaccord Genuity Group cut their price target on Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Truist Financial dropped their price objective on shares of 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 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 report on Friday, May 2nd. Royal Bank of Canada decreased their price target on shares of 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, The Goldman Sachs Group cut their price objective on shares of Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. 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, the company has an average rating of "Moderate Buy" and an average price target of $30.36.

Zeta Global Price Performance

ZETA stock traded up $0.32 during trading on Friday, reaching $13.96. The company's stock had a trading volume of 4,073,336 shares, compared to its average volume of 5,435,054. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The company's fifty day moving average is $12.96 and its 200-day moving average is $16.80. The company has a market capitalization of $3.29 billion, a P/E ratio of -19.94, a price-to-earnings-growth ratio of 1.65 and a beta of 1.25. 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.