SG Americas Securities LLC Buys Shares of 25,793 Zeta Global Holdings Corp. (NYSE:ZETA)

SG Americas Securities LLC acquired a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 25,793 shares of the company's stock, valued at approximately $350,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ZETA. Optiver Holding B.V. grew its position in Zeta Global by 60.9% in the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock valued at $25,000 after buying an additional 532 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Zeta Global by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company's stock worth $336,000 after acquiring an additional 592 shares during the period. Coppell Advisory Solutions LLC boosted its holdings in shares of Zeta Global by 244.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock valued at $31,000 after acquiring an additional 1,201 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Zeta Global by 10.9% in the fourth quarter. Xponance Inc. now owns 13,897 shares of the company's stock valued at $250,000 after acquiring an additional 1,365 shares in the last quarter. Finally, Rakuten Securities Inc. acquired a new position in shares of Zeta Global during the fourth quarter valued at approximately $27,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZETA has been the subject of a number of research analyst reports. Morgan Stanley cut their target price 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. Royal Bank Of Canada lowered their target price on Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. The Goldman Sachs Group dropped 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. Canaccord Genuity Group lowered their price objective on shares of 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, B. Riley cut their target price on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Zeta Global currently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

Zeta Global Stock Up 3.7%

Shares of ZETA stock traded up $0.57 during trading on Friday, hitting $15.91. 3,515,934 shares of the company were exchanged, compared to its average volume of 5,841,002. The business's 50-day simple moving average is $13.39 and its 200 day simple moving average is $16.00. Zeta Global Holdings Corp. has a twelve month low of $10.69 and a twelve month high of $38.20. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of -54.46, a P/E/G ratio of 33.06 and a beta of 1.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.33 and a current ratio of 3.33.

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.