Zeta Global Holdings Corp. $ZETA Position Trimmed by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its holdings in Zeta Global Holdings Corp. by 0.2%, now owning 22,122,191 shares valued at approximately $299.98 million.
• Various institutional investors have recently adjusted their stakes in Zeta Global, with notable increases from firms like Two Sigma Investments LP, which raised its stake by over 1,240%.
• Analysts have generally rated Zeta Global positively, with a consensus price target of $30.14 and recent upgrades from multiple firms, including Canaccord Genuity raising its target price to $28.00.

Vanguard Group Inc. cut its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 0.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,122,191 shares of the company's stock after selling 55,400 shares during the period. Vanguard Group Inc. owned 9.31% of Zeta Global worth $299,977,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cerity Partners LLC lifted its stake in shares of Zeta Global by 111.6% during the 4th quarter. Cerity Partners LLC now owns 17,417 shares of the company's stock valued at $313,000 after buying an additional 9,186 shares in the last quarter. Legal & General Group Plc raised its position in shares of Zeta Global by 26.0% during the 4th quarter. Legal & General Group Plc now owns 203,164 shares of the company's stock valued at $3,655,000 after buying an additional 41,866 shares in the last quarter. Summit Investment Advisors Inc. raised its position in shares of Zeta Global by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company's stock valued at $336,000 after buying an additional 592 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in shares of Zeta Global during the 4th quarter valued at about $197,000. Finally, Canada Pension Plan Investment Board raised its position in shares of Zeta Global by 1,314.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 178,200 shares of the company's stock valued at $3,206,000 after buying an additional 165,600 shares in the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ZETA. Wall Street Zen upgraded shares of Zeta Global from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Bank of America increased their price objective on shares of Zeta Global from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Canaccord Genuity Group increased their price objective on shares of Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada decreased their target price on shares of Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, Needham & Company LLC decreased their target price on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $30.14.

Zeta Global Price Performance

Shares of ZETA stock traded down $0.0250 during mid-day trading on Thursday, hitting $18.1450. 3,347,473 shares of the stock were exchanged, compared to its average volume of 7,015,691. The firm has a fifty day moving average of $15.80 and a 200 day moving average of $15.32. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29. The company has a market cap of $4.32 billion, a PE ratio of -95.43 and a beta of 1.28. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week 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.