Zeta Global Holdings Corp. (NYSE:ZETA) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 294.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 170,552 shares of the company's stock after purchasing an additional 127,301 shares during the quarter. Mackenzie Financial Corp owned about 0.07% of Zeta Global worth $3,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company's stock valued at $398,975,000 after buying an additional 489,499 shares during the last quarter. Renaissance Technologies LLC grew its stake in Zeta Global by 98.8% during the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company's stock valued at $84,909,000 after acquiring an additional 2,345,562 shares in the last quarter. Geode Capital Management LLC raised its holdings in Zeta Global by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company's stock valued at $82,470,000 after acquiring an additional 306,592 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Zeta Global by 119.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock valued at $74,285,000 after acquiring an additional 2,244,953 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Zeta Global in the 4th quarter worth approximately $51,042,000. Hedge funds and other institutional investors own 87.75% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ZETA shares. Needham & Company LLC dropped their price target on Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Royal Bank of Canada dropped their target price on Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a report on Monday, April 28th. William Blair reiterated an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. 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 research report on Tuesday, April 22nd. Finally, Barclays cut their price objective on shares of Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

Zeta Global Trading Up 2.0%

Shares of ZETA traded up $0.26 during midday trading on Tuesday, hitting $13.19. 3,609,016 shares of the stock were exchanged, compared to its average volume of 5,384,801. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The firm has a market cap of $3.11 billion, a P/E ratio of -18.84, a P/E/G ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week high of $38.20. The stock has a fifty day simple moving average of $12.97 and a 200 day simple moving average of $17.00.

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.