Essex Investment Management Co. LLC Cuts Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Essex Investment Management Co. LLC trimmed its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 22.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,236 shares of the company's stock after selling 35,614 shares during the period. Essex Investment Management Co. LLC owned approximately 0.05% of Zeta Global worth $1,630,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Summit Creek Advisors LLC increased its stake in shares of Zeta Global by 33.6% in the first quarter. Summit Creek Advisors LLC now owns 1,047,677 shares of the company's stock valued at $14,206,000 after buying an additional 263,451 shares in the last quarter. LPL Financial LLC increased its holdings in Zeta Global by 14.6% during the 1st quarter. LPL Financial LLC now owns 169,764 shares of the company's stock worth $2,302,000 after purchasing an additional 21,667 shares in the last quarter. Bastion Asset Management Inc. bought a new position in Zeta Global during the 1st quarter worth about $2,883,000. Royce & Associates LP increased its holdings in Zeta Global by 169.4% during the 1st quarter. Royce & Associates LP now owns 237,028 shares of the company's stock worth $3,214,000 after purchasing an additional 149,028 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Zeta Global during the 1st quarter worth about $542,000. Institutional investors and hedge funds own 87.75% of the company's stock.

Zeta Global Stock Performance

Shares of NYSE ZETA traded down $0.57 during trading on Friday, hitting $15.08. The company had a trading volume of 7,960,218 shares, compared to its average volume of 8,271,977. The stock has a 50 day simple moving average of $14.48 and a 200 day simple moving average of $15.32. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.33 and a current ratio of 3.33. Zeta Global Holdings Corp. has a 12 month low of $10.69 and a 12 month high of $38.20. The firm has a market capitalization of $3.55 billion, a P/E ratio of -52.00, a price-to-earnings-growth ratio of 58.38 and a beta of 1.28.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Canaccord Genuity Group reduced their price target on Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a report on Friday, May 2nd. B. Riley dropped their price objective on Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Needham & Company LLC reduced their price objective on Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Morgan Stanley lowered their target price on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group decreased their price target on shares of Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.