Cetera Investment Advisers Takes Position in Zeta Global Holdings Corp. (NYSE:ZETA)

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ZETA. Optiver Holding B.V. boosted its position in Zeta Global by 60.9% during the fourth 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 period. Rakuten Securities Inc. purchased a new stake in Zeta Global during the fourth quarter valued at about $27,000. Coppell Advisory Solutions LLC boosted its position in Zeta Global by 244.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock valued at $31,000 after buying an additional 1,201 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Zeta Global during the fourth quarter valued at about $33,000. Finally, Heck Capital Advisors LLC purchased a new stake in Zeta Global during the fourth quarter valued at about $66,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Stock Down 2.9%

Shares of NYSE:ZETA traded down $0.40 during trading on Thursday, reaching $13.10. 3,228,648 shares of the stock traded hands, compared to its average volume of 5,340,513. 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 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The stock has a 50-day moving average of $13.14 and a two-hundred day moving average of $17.34. The stock has a market cap of $3.09 billion, a P/E ratio of -18.72, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29.

Analysts Set New Price Targets

ZETA has been the subject of a number of analyst reports. Canaccord Genuity Group dropped their target price on shares of Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Needham & Company LLC dropped 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. DA Davidson dropped their target price on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley dropped their target price on shares of Zeta Global from $25.00 to $15.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Royal Bank of Canada dropped their target price on shares of 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 issued a buy rating to the stock. According to data from MarketBeat, Zeta Global currently has a consensus rating of "Moderate Buy" and an average price target of $30.36.

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.