Invesco Ltd. Cuts Stock Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Invesco Ltd. reduced its position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 88.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,020 shares of the company's stock after selling 828,502 shares during the period. Invesco Ltd.'s holdings in Zeta Global were worth $1,925,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Bleakley Financial Group LLC raised its position in Zeta Global by 4.7% in the 4th quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company's stock worth $254,000 after purchasing an additional 636 shares during the period. D.A. Davidson & CO. increased its stake in Zeta Global by 1.6% in the fourth quarter. D.A. Davidson & CO. now owns 64,223 shares of the company's stock worth $1,155,000 after purchasing an additional 987 shares during the period. First Bank & Trust boosted its stake in shares of Zeta Global by 10.6% during the fourth quarter. First Bank & Trust now owns 11,276 shares of the company's stock valued at $203,000 after purchasing an additional 1,083 shares during the period. Xponance Inc. grew its holdings in shares of Zeta Global by 10.9% in the fourth quarter. Xponance Inc. now owns 13,897 shares of the company's stock worth $250,000 after purchasing an additional 1,365 shares during the last quarter. Finally, Register Financial Advisors LLC increased its stake in Zeta Global by 15.8% in the 4th quarter. Register Financial Advisors LLC now owns 11,000 shares of the company's stock worth $198,000 after buying an additional 1,500 shares during the period. Institutional investors own 87.75% of the company's stock.

Analyst Upgrades and Downgrades

ZETA has been the topic of a number of research reports. DA Davidson reduced their target price on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group lowered their target price on Zeta Global from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Morgan Stanley cut their price target on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Barclays dropped their target price on shares of Zeta Global from $32.00 to $18.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. Finally, Needham & Company LLC decreased their price target 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. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.14.

Zeta Global Stock Performance

NYSE:ZETA traded down $0.35 during mid-day trading on Monday, reaching $13.33. 1,023,601 shares of the stock were exchanged, compared to its average volume of 5,690,344. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $3.17 billion, a P/E ratio of -19.04, a P/E/G 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 50 day simple moving average of $13.76 and a 200-day simple moving average of $19.07.

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.