Invesco Ltd. Trims Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Invesco Ltd. reduced its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 88.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,020 shares of the company's stock after selling 828,502 shares during the quarter. Invesco Ltd.'s holdings in Zeta Global were worth $1,925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Zeta Global by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company's stock worth $398,975,000 after buying an additional 489,499 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock valued at $170,332,000 after purchasing an additional 2,623,980 shares during the last quarter. Geode Capital Management LLC boosted its stake in Zeta Global by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company's stock valued at $82,470,000 after purchasing an additional 306,592 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Zeta Global by 119.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock worth $74,285,000 after buying an additional 2,244,953 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Zeta Global during the 4th quarter worth about $43,236,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on ZETA shares. Needham & Company LLC dropped their price objective on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a report on Friday. B. Riley lowered their target price on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Barclays lowered 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. DA Davidson decreased 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. Finally, Morgan Stanley reduced their price target on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.14.

Zeta Global Price Performance

Shares of NYSE ZETA traded up $0.20 during midday trading on Friday, reaching $13.69. The company's stock had a trading volume of 10,269,937 shares, compared to its average volume of 5,325,212. The business's 50 day moving average price is $13.76 and its two-hundred day moving average price is $19.23. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week 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. The company has a market cap of $3.25 billion, a P/E ratio of -19.56, a P/E/G ratio of 1.65 and a beta of 1.29.

Zeta Global 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.