Millennium Management LLC Has $15.26 Million Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

Millennium Management LLC boosted its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 51.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 848,046 shares of the company's stock after acquiring an additional 288,861 shares during the quarter. Millennium Management LLC owned about 0.36% of Zeta Global worth $15,256,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Zeta Global in the fourth quarter worth approximately $51,042,000. Norges Bank purchased a new stake in shares of Zeta Global during the 4th quarter valued at $43,236,000. Renaissance Technologies LLC lifted its holdings in shares of Zeta Global by 98.8% during the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company's stock valued at $84,909,000 after purchasing an additional 2,345,562 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Zeta Global by 119.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock valued at $74,285,000 after purchasing an additional 2,244,953 shares during the period. Finally, Battery Management Corp. acquired a new stake in shares of Zeta Global during the fourth quarter worth about $15,954,000. 87.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ZETA. B. Riley reduced their price target 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. Royal Bank of Canada lowered their price target on Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. William Blair reaffirmed an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 26th. Canaccord Genuity Group lowered their price objective on Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Morgan Stanley lowered their price objective on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.36.

Zeta Global Price Performance

NYSE ZETA traded down $0.38 during trading hours on Wednesday, reaching $13.19. 476,820 shares of the company's stock were exchanged, compared to its average volume of 5,329,889. The stock has a market cap of $3.11 billion, a PE ratio of -18.88, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average of $13.16 and a 200-day moving average of $17.36. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $38.20.

Zeta Global Company 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.