First Trust Advisors LP Has $4.99 Million Position in Zeta Global Holdings Corp. (NYSE:ZETA)

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

A number of other institutional investors have also recently added to or reduced their stakes in ZETA. Rakuten Securities Inc. bought a new stake in Zeta Global in the fourth quarter worth about $27,000. SBI Securities Co. Ltd. acquired a new stake in Zeta Global during the fourth quarter valued at approximately $33,000. Heck Capital Advisors LLC bought a new stake in Zeta Global during the fourth quarter worth approximately $66,000. IFP Advisors Inc acquired a new position in Zeta Global in the fourth quarter worth approximately $72,000. Finally, Transcendent Capital Group LLC bought a new position in shares of Zeta Global in the fourth quarter valued at $87,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Trading Up 0.7 %

Shares of NYSE:ZETA traded up $0.09 during mid-day trading on Wednesday, reaching $13.20. The stock had a trading volume of 3,034,736 shares, compared to its average volume of 5,320,187. The firm has a market cap of $3.14 billion, a PE ratio of -18.86, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. The firm has a 50 day simple moving average of $13.52 and a two-hundred day simple moving average of $18.89. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a twelve month low of $10.69 and a twelve month high of $38.20.

Analyst Ratings Changes

Several equities research analysts have recently commented on ZETA shares. Royal Bank of Canada reduced 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. Barclays decreased their target price on shares of Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. William Blair restated an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. Morgan Stanley lowered their price objective on shares of 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. Finally, Truist Financial reduced their target price on Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Zeta Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.36.

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.