Cetera Investment Advisers Makes New Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

Cetera Investment Advisers bought a new position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 29,920 shares of the company's stock, valued at approximately $538,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Optiver Holding B.V. boosted its position in Zeta Global by 60.9% in the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock valued at $25,000 after buying an additional 532 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Zeta Global by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company's stock valued at $336,000 after acquiring an additional 592 shares during the period. Bleakley Financial Group LLC lifted its stake in shares of Zeta Global by 4.7% during the fourth quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company's stock valued at $254,000 after acquiring an additional 636 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Zeta Global by 1.6% during the fourth quarter. D.A. Davidson & CO. now owns 64,223 shares of the company's stock valued at $1,155,000 after acquiring an additional 987 shares during the period. Finally, First Bank & Trust lifted its stake in shares of Zeta Global by 10.6% during the fourth quarter. First Bank & Trust now owns 11,276 shares of the company's stock valued at $203,000 after acquiring an additional 1,083 shares during the period. 87.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Canaccord Genuity Group lowered their price objective on shares of Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. DA Davidson reduced their price target on Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group reduced their price target on Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Barclays reduced their price target on Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. Finally, Royal Bank of Canada reduced their price target on Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Zeta Global has a consensus rating of "Moderate Buy" and a consensus price target of $30.36.

Zeta Global Price Performance

ZETA traded up $0.07 during trading on Friday, hitting $13.16. 4,402,764 shares of the stock traded hands, compared to its average volume of 5,374,057. The business has a 50 day moving average price of $13.04 and a 200 day moving average price of $17.06. The company has a market cap of $3.10 billion, a price-to-earnings ratio of -18.80, a PEG ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a twelve month low of $10.69 and a twelve 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.

About Zeta Global

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.