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

Mackenzie Financial Corp decreased its holdings in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 46.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 90,767 shares of the company's stock after selling 79,785 shares during the quarter. Mackenzie Financial Corp's holdings in Zeta Global were worth $1,231,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Optiver Holding B.V. lifted its stake in shares of Zeta Global by 60.9% in the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock worth $25,000 after acquiring an additional 532 shares in the last quarter. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Zeta Global in the first quarter worth about $27,000. Coppell Advisory Solutions LLC lifted its stake in shares of Zeta Global by 244.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock worth $31,000 after acquiring an additional 1,201 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Zeta Global in the fourth quarter worth about $33,000. Finally, CWM LLC lifted its stake in shares of Zeta Global by 44.5% in the first quarter. CWM LLC now owns 4,106 shares of the company's stock worth $56,000 after acquiring an additional 1,264 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on ZETA. Canaccord Genuity Group cut their price target on Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. B. Riley lowered their price objective on Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. DA Davidson lowered their price objective on Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a report on Monday, April 14th. Royal Bank Of Canada lowered their price objective on Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Morgan Stanley lowered their price objective on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Four research 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 an average target price of $30.36.

Zeta Global Stock Up 4.5%

NYSE:ZETA opened at $15.76 on Tuesday. The firm has a market capitalization of $3.71 billion, a PE ratio of -54.34, a price-to-earnings-growth ratio of 56.26 and a beta of 1.28. The stock has a 50 day moving average of $14.54 and a 200-day moving average of $15.26. Zeta Global Holdings Corp. has a 52 week low of $10.69 and a 52 week high of $38.20. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.29.

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.

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