Jacobs Levy Equity Management Inc. acquired a new position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,837,251 shares of the company's stock, valued at approximately $51,042,000. Jacobs Levy Equity Management Inc. owned approximately 1.19% of Zeta Global as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Janus Henderson Group PLC raised its position in Zeta Global by 14.0% during the fourth quarter. Janus Henderson Group PLC now owns 88,872 shares of the company's stock valued at $1,599,000 after purchasing an additional 10,900 shares in the last quarter. Graham Capital Management L.P. raised its position in Zeta Global by 657.4% during the fourth quarter. Graham Capital Management L.P. now owns 73,986 shares of the company's stock valued at $1,331,000 after purchasing an additional 64,218 shares in the last quarter. Ensign Peak Advisors Inc raised its position in Zeta Global by 199.0% during the fourth quarter. Ensign Peak Advisors Inc now owns 124,100 shares of the company's stock valued at $2,233,000 after purchasing an additional 82,600 shares in the last quarter. FORA Capital LLC raised its position in Zeta Global by 11.3% during the fourth quarter. FORA Capital LLC now owns 104,670 shares of the company's stock valued at $1,883,000 after purchasing an additional 10,658 shares in the last quarter. Finally, Deutsche Bank AG raised its position in Zeta Global by 15.3% during the fourth quarter. Deutsche Bank AG now owns 630,854 shares of the company's stock valued at $11,349,000 after purchasing an additional 83,913 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company's stock.
Zeta Global Trading Down 0.0%
Shares of NYSE ZETA traded down $0.01 during trading hours on Friday, hitting $13.93. The company's stock had a trading volume of 3,340,076 shares, compared to its average volume of 5,360,211. 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 stock has a market cap of $3.28 billion, a price-to-earnings ratio of -19.91, a P/E/G ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a 12 month low of $10.69 and a 12 month high of $38.20. The business has a 50-day simple moving average of $13.27 and a 200-day simple moving average of $18.20.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Canaccord Genuity Group lowered their price target on Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Morgan Stanley decreased their price objective on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. DA Davidson decreased their price objective on Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, April 14th. B. Riley decreased their price objective on Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada decreased their price objective on Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.36.
Read Our Latest Analysis on ZETA
About Zeta Global
(
Free Report)
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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