Two Sigma Advisers LP Acquires New Shares in Zeta Global Holdings Corp. (NYSE:ZETA)

Two Sigma Advisers LP bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,810,500 shares of the company's stock, valued at approximately $32,571,000. Two Sigma Advisers LP owned approximately 0.76% of Zeta Global at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZETA. Vanguard Group Inc. raised its position in shares of Zeta Global by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company's stock worth $398,975,000 after purchasing an additional 489,499 shares during the period. Renaissance Technologies LLC grew its position in shares of Zeta Global by 98.8% in 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 period. Geode Capital Management LLC increased its stake in Zeta Global by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company's stock worth $82,470,000 after purchasing an additional 306,592 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Zeta Global by 119.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock worth $74,285,000 after buying an additional 2,244,953 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Zeta Global during the 4th quarter worth approximately $51,042,000. 87.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ZETA shares. Needham & Company LLC reduced their price target on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Morgan Stanley cut their price objective on shares of Zeta Global from $25.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. William Blair reiterated an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. DA Davidson dropped their price target on Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Canaccord Genuity Group cut their price target on Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.36.

Zeta Global Trading Down 1.1%

Zeta Global stock opened at $13.64 on Wednesday. The company has a market cap of $3.21 billion, a price-to-earnings ratio of -19.49, a P/E/G ratio of 1.65 and a beta of 1.29. The firm has a 50-day moving average of $13.26 and a 200-day moving average of $18.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. 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.

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