Virtus Investment Advisers Inc. Cuts Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Virtus Investment Advisers Inc. lowered its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 79.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,637 shares of the company's stock after selling 36,784 shares during the quarter. Virtus Investment Advisers Inc.'s holdings in Zeta Global were worth $173,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Optiver Holding B.V. lifted its position in shares of Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock worth $25,000 after buying an additional 532 shares in the last quarter. Summit Investment Advisors Inc. lifted 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 worth $336,000 after buying an additional 592 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of Zeta Global by 4.7% during the 4th quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company's stock worth $254,000 after buying an additional 636 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Zeta Global by 1.6% during the 4th quarter. D.A. Davidson & CO. now owns 64,223 shares of the company's stock worth $1,155,000 after buying an additional 987 shares in the last quarter. Finally, First Bank & Trust raised its holdings in shares of Zeta Global by 10.6% in the 4th quarter. First Bank & Trust now owns 11,276 shares of the company's stock worth $203,000 after purchasing an additional 1,083 shares during the period. Institutional investors own 87.75% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ZETA shares. Morgan Stanley lowered 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 report on Wednesday, April 16th. Needham & Company LLC lowered their price target 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. B. Riley lowered their price target on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. William Blair reaffirmed an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group lowered their price target on shares of Zeta Global from $27.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $30.36.

Zeta Global Price Performance

Shares of ZETA traded down $0.18 during mid-day trading on Friday, reaching $13.09. 2,589,167 shares of the stock traded hands, compared to its average volume of 5,342,456. The firm has a fifty day moving average price of $13.20 and a 200 day moving average price of $17.76. 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. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a 1 year low of $10.69 and a 1 year high of $38.20.

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.