First Trust Advisors LP Reduces Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

First Trust Advisors LP reduced its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 20.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 277,130 shares of the company's stock after selling 73,031 shares during the period. First Trust Advisors LP owned about 0.12% of Zeta Global worth $4,986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ZETA. Rakuten Securities Inc. acquired a new position in Zeta Global in the 4th quarter valued at approximately $27,000. SBI Securities Co. Ltd. bought a new position in shares of Zeta Global during the fourth quarter worth about $33,000. Heck Capital Advisors LLC bought a new stake in Zeta Global in the fourth quarter valued at approximately $66,000. IFP Advisors Inc bought a new position in Zeta Global during the 4th quarter worth approximately $72,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of Zeta Global in the 4th quarter valued at $87,000. Institutional investors and hedge funds own 87.75% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on ZETA. DA Davidson dropped their target price on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley cut their target price on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada reduced their price objective on shares of Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Needham & Company LLC reduced their price target on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a report on Friday. Finally, Barclays reduced their target price on Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $30.36.

Zeta Global Stock Down 2.1 %

Shares of ZETA traded down $0.29 during trading hours on Tuesday, reaching $13.16. 2,339,513 shares of the stock traded hands, compared to its average volume of 5,329,056. 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 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a fifty day simple moving average of $13.67 and a 200 day simple moving average of $18.97. The company has a market cap of $3.13 billion, a price-to-earnings ratio of -18.80, a PEG ratio of 1.65 and a beta of 1.29.

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.