Lazard Asset Management LLC Raises Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

Lazard Asset Management LLC grew its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 134.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 468,194 shares of the company's stock after buying an additional 268,769 shares during the quarter. Lazard Asset Management LLC owned 0.20% of Zeta Global worth $8,421,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Optiver Holding B.V. grew its stake in shares of Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock worth $25,000 after purchasing an additional 532 shares during the period. Rakuten Securities Inc. acquired a new position in shares of Zeta Global during the 4th quarter worth $27,000. Coppell Advisory Solutions LLC grew its stake in shares of Zeta Global by 244.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock worth $31,000 after purchasing an additional 1,201 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Zeta Global during the 4th quarter worth $33,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Zeta Global during the 4th quarter worth $66,000. Hedge funds and other institutional investors own 87.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Barclays lowered their price target on shares of Zeta Global from $32.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 27th. Morgan Stanley lowered their price target on shares of 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. B. Riley lowered their price target on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group lowered their price target on shares of Zeta Global from $27.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, Canaccord Genuity Group lowered their price target on shares of Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Zeta Global currently has an average rating of "Moderate Buy" and an average target price of $30.36.

Zeta Global Price Performance

NYSE ZETA traded down $0.01 during trading hours on Friday, reaching $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 stock has a market cap of $3.28 billion, a PE ratio of -19.91, a PEG ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week high of $38.20. The company's 50-day moving average is $13.27 and its two-hundred day moving average is $18.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

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.