Janney Montgomery Scott LLC Boosts Stock Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Janney Montgomery Scott LLC lifted its position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 32.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 102,781 shares of the company's stock after buying an additional 25,036 shares during the quarter. Janney Montgomery Scott LLC's holdings in Zeta Global were worth $1,394,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of Zeta Global by 10.1% in the 4th quarter. Principal Financial Group Inc. now owns 149,788 shares of the company's stock valued at $2,695,000 after buying an additional 13,730 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Zeta Global in the 4th quarter valued at $538,000. Bank of New York Mellon Corp raised its holdings in shares of Zeta Global by 54.2% in the 4th quarter. Bank of New York Mellon Corp now owns 772,768 shares of the company's stock valued at $13,902,000 after buying an additional 271,562 shares during the period. IFP Advisors Inc acquired a new position in Zeta Global during the 4th quarter worth $72,000. Finally, US Bancorp DE grew its stake in Zeta Global by 246.9% during the 4th quarter. US Bancorp DE now owns 35,209 shares of the company's stock worth $633,000 after purchasing an additional 25,059 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. 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 note on Wednesday, April 16th. DA Davidson lowered their target price on Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Canaccord Genuity Group lowered their target price 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 lowered their target price on Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, Needham & Company LLC lowered their price objective on Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Zeta Global has an average rating of "Moderate Buy" and an average target price of $30.36.

Zeta Global Stock Down 1.6%

ZETA opened at $15.09 on Friday. The company has a market cap of $3.55 billion, a PE ratio of -52.04, a P/E/G ratio of 33.76 and a beta of 1.25. The business has a 50 day moving average price of $13.46 and a two-hundred day moving average price of $15.96. Zeta Global Holdings Corp. has a 52 week low of $10.69 and a 52 week high of $38.20. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.29.

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.

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