Voloridge Investment Management LLC Sells 495,745 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Voloridge Investment Management LLC lowered its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 32.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,013,915 shares of the company's stock after selling 495,745 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.43% of Zeta Global worth $18,240,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Optiver Holding B.V. boosted its holdings in Zeta Global by 60.9% in the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock valued at $25,000 after acquiring an additional 532 shares during the last quarter. Rakuten Securities Inc. purchased a new position in Zeta Global in the fourth quarter valued at about $27,000. Coppell Advisory Solutions LLC raised its position in 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 purchasing an additional 1,201 shares during the period. SBI Securities Co. Ltd. purchased a new position in Zeta Global in the fourth quarter valued at about $33,000. Finally, Point72 Hong Kong Ltd purchased a new position in Zeta Global in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 87.75% of the company's stock.

Zeta Global Stock Performance

Shares of NYSE ZETA traded down $0.25 during mid-day trading on Wednesday, hitting $13.32. The company had a trading volume of 834,089 shares, compared to its average volume of 5,331,298. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The business's 50-day simple moving average is $13.16 and its 200-day simple moving average is $17.36. Zeta Global Holdings Corp. has a 12 month low of $10.69 and a 12 month high of $38.20. The firm has a market cap of $3.14 billion, a P/E ratio of -19.04, a PEG ratio of 1.65 and a beta of 1.29.

Analysts Set New Price Targets

Several research analysts have commented on the company. William Blair reissued an "outperform" rating on shares of Zeta Global in a research report on Wednesday, February 26th. The Goldman Sachs Group dropped their target price on Zeta Global from $27.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Truist Financial decreased their price target on Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Morgan Stanley decreased their price target on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, B. Riley decreased their target price on 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 analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

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.