Royce & Associates LP Has $3.21 Million Stock Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Key Points

• Royce & Associates LP significantly increased its stake in Zeta Global Holdings Corp., raising holdings by 169.4% to 237,028 shares in the 1st quarter, now valued at $3,214,000.
• Analysts have lowered their price targets for Zeta Global, with Goldman Sachs reducing its target from $27.00 to $16.00 and Canaccord Genuity dropping it from $28.00 to $26.00, though the stock is generally rated a "Moderate Buy."
• Zeta Global's stock performance shows volatility with a 12-month low of $10.69 and a high of $38.20, currently trading at around $16.06.

Royce & Associates LP raised its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 169.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 237,028 shares of the company's stock after buying an additional 149,028 shares during the period. Royce & Associates LP owned about 0.10% of Zeta Global worth $3,214,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ZETA. China Universal Asset Management Co. Ltd. lifted its stake in Zeta Global by 228.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 115,000 shares of the company's stock worth $1,559,000 after acquiring an additional 80,000 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Zeta Global in the 1st quarter valued at $360,000. Cetera Investment Advisers purchased a new position in shares of Zeta Global in the fourth quarter worth about $538,000. Yong Rong HK Asset Management Ltd acquired a new stake in shares of Zeta Global during the first quarter worth about $38,748,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Zeta Global in the 1st quarter worth approximately $162,000. 87.75% of the stock is owned by institutional investors.

Zeta Global Stock Performance

ZETA stock traded up $0.05 during mid-day trading on Monday, reaching $16.09. The company had a trading volume of 5,038,942 shares, compared to its average volume of 8,931,567. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $38.20. The stock has a market capitalization of $3.79 billion, a P/E ratio of -55.48, a P/E/G ratio of 42.74 and a beta of 1.29. The stock's 50-day simple moving average is $14.31 and its two-hundred day simple moving average is $15.35. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.29.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ZETA shares. Royal Bank Of Canada decreased 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. The Goldman Sachs Group reduced 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 report on Monday, May 5th. Morgan Stanley lowered their price target 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. Needham & Company LLC reduced their price objective on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Truist Financial cut their target price on Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Zeta Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.36.

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.