Comerica Bank Purchases 313,518 Shares of Zeta Global Holdings Corp. $ZETA

Key Points

• Comerica Bank significantly increased its stake in Zeta Global Holdings Corp. by acquiring 313,518 shares, raising its total holdings by 1,266.3% to 338,276 shares.
• Multiple institutional investors have raised their positions in Zeta Global, with Dimensional Fund Advisors LP increasing its stake by 708.7% in the fourth quarter.
• Analysts have varied outlooks on Zeta Global, with Goldman Sachs raising its price target from $16.00 to $18.00, while Needham & Company lowered their target from $43.00 to $25.00.

Comerica Bank grew its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 1,266.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 338,276 shares of the company's stock after acquiring an additional 313,518 shares during the period. Comerica Bank owned about 0.14% of Zeta Global worth $4,587,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in Zeta Global by 708.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 615,810 shares of the company's stock valued at $11,079,000 after purchasing an additional 539,658 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Zeta Global by 130.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,054 shares of the company's stock worth $145,000 after buying an additional 4,555 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Zeta Global by 88.3% during the fourth quarter. Hsbc Holdings PLC now owns 43,765 shares of the company's stock valued at $767,000 after buying an additional 20,520 shares during the period. Boothbay Fund Management LLC increased its stake in shares of Zeta Global by 29.3% during the fourth quarter. Boothbay Fund Management LLC now owns 15,502 shares of the company's stock valued at $279,000 after buying an additional 3,515 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Zeta Global by 16.0% during the fourth quarter. Northern Trust Corp now owns 2,041,040 shares of the company's stock valued at $36,718,000 after acquiring an additional 281,251 shares in the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ZETA shares. The Goldman Sachs Group lifted their price target on shares of Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Needham & Company LLC cut their target price on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Zacks Research raised shares of Zeta Global from a "strong sell" rating to a "hold" rating in a research note on Wednesday. Canaccord Genuity Group lifted their price objective on Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Bank of America increased their target price on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $30.14.

Zeta Global Price Performance

Shares of NYSE ZETA opened at $19.60 on Friday. The company has a 50 day simple moving average of $16.74 and a two-hundred day simple moving average of $15.29. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week high of $38.20. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of -103.17 and a beta of 1.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.25 and a current ratio of 3.25.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.