Nuveen Asset Management LLC Has $39.83 Million Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

Nuveen Asset Management LLC lessened its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,214,140 shares of the company's stock after selling 103,176 shares during the quarter. Nuveen Asset Management LLC owned about 0.93% of Zeta Global worth $39,832,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. acquired a new position in Zeta Global during the fourth quarter valued at approximately $51,042,000. Norges Bank acquired a new position in Zeta Global during the fourth quarter valued at approximately $43,236,000. Renaissance Technologies LLC grew its holdings in Zeta Global by 98.8% during the fourth 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 period. Arrowstreet Capital Limited Partnership grew its holdings in Zeta Global by 119.1% during 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 position in Zeta Global during the fourth quarter valued at approximately $15,954,000. Institutional investors and hedge funds own 87.75% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on ZETA shares. Morgan Stanley cut their price target on shares of 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. Royal Bank of Canada cut their price target on shares of 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. The Goldman Sachs Group cut their price target on shares of Zeta Global from $27.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, DA Davidson cut their price target on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $30.36.

Zeta Global Stock Down 1.4%

Shares of ZETA stock traded down $0.18 during trading on Friday, reaching $13.09. The company's stock had a trading volume of 2,589,167 shares, compared to its average volume of 5,342,454. The company has a market cap of $3.08 billion, a price-to-earnings ratio of -18.70, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $38.20. The business has a fifty day moving average price of $13.22 and a 200-day moving average price of $17.87. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

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.