Northern Trust Corp Cuts Stock Holdings in Zeta Global Holdings Corp. $ZETA

Key Points

• Northern Trust Corp has reduced its stake in Zeta Global Holdings Corp by 2.2%, selling 44,659 shares, and now holds approximately 1,996,381 shares valued at about $27 million.
• Several brokerages have recently upgraded their price targets for Zeta Global, with Canaccord Genuity raising theirs from $26 to $28, indicating positive market sentiment.
• Zeta Global holds a market cap of $4.67 billion and has a consensus rating of "Moderate Buy" with an average price target of $30.14, according to recent data.

Northern Trust Corp lessened its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,996,381 shares of the company's stock after selling 44,659 shares during the quarter. Northern Trust Corp owned about 0.84% of Zeta Global worth $27,071,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. SlateStone Wealth LLC raised its holdings in shares of Zeta Global by 5.8% in the 1st quarter. SlateStone Wealth LLC now owns 17,154 shares of the company's stock worth $233,000 after buying an additional 948 shares in the last quarter. CWM LLC increased its stake in Zeta Global by 44.5% in the 1st quarter. CWM LLC now owns 4,106 shares of the company's stock valued at $56,000 after buying an additional 1,264 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Zeta Global by 9.1% during the first quarter. PNC Financial Services Group Inc. now owns 16,985 shares of the company's stock worth $230,000 after acquiring an additional 1,422 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in Zeta Global by 4.9% during the first quarter. Vontobel Holding Ltd. now owns 38,376 shares of the company's stock worth $520,000 after acquiring an additional 1,776 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Zeta Global during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 87.75% of the company's stock.

Wall Street Analyst Weigh In

ZETA has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. The Goldman Sachs Group upped their target price on Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Wall Street Zen upgraded Zeta Global from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Bank of America upped their target price on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Zacks Research upgraded Zeta Global from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 27th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $30.14.

Zeta Global Stock Down 0.8%

Shares of ZETA traded down $0.16 during trading hours on Thursday, hitting $18.62. The stock had a trading volume of 2,465,389 shares, compared to its average volume of 6,979,126. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.25 and a quick ratio of 3.25. The firm has a 50 day simple moving average of $16.92 and a 200-day simple moving average of $15.21. The firm has a market capitalization of $4.43 billion, a P/E ratio of -97.79 and a beta of 1.30. Zeta Global Holdings Corp. has a 1-year low of $10.69 and a 1-year high of $38.20.

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.