Bank of America Corp DE Has $12.96 Million Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Bank of America Corp DE cut its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 47.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 720,505 shares of the company's stock after selling 661,774 shares during the quarter. Bank of America Corp DE owned approximately 0.30% of Zeta Global worth $12,962,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ZETA. Norges Bank acquired a new position in shares of Zeta Global during the fourth quarter worth approximately $43,236,000. Renaissance Technologies LLC raised 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. Arrowstreet Capital Limited Partnership boosted its position 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 acquiring an additional 2,244,953 shares during the period. Battery Management Corp. bought a new position in shares of Zeta Global in the fourth quarter worth $15,954,000. Finally, Franklin Resources Inc. increased its holdings in shares of Zeta Global by 586.8% during the fourth quarter. Franklin Resources Inc. now owns 880,966 shares of the company's stock valued at $15,849,000 after purchasing an additional 752,697 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ZETA shares. 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. DA Davidson decreased their price objective on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a report on Monday, April 14th. Canaccord Genuity Group dropped their target price on Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Barclays cut their target price on 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. Finally, William Blair reiterated an "outperform" rating on shares of Zeta Global in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $30.36.

Zeta Global Trading Up 3.5%

Shares of NYSE:ZETA traded up $0.46 during midday trading on Tuesday, reaching $13.55. The company had a trading volume of 1,144,011 shares, compared to its average volume of 5,340,422. The company has a fifty day simple moving average of $13.18 and a two-hundred day simple moving average of $17.39. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of -19.36, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a 1-year low of $10.69 and a 1-year high of $38.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

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.