Legal & General Group Plc Raises Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Legal & General Group Plc grew its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 26.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,164 shares of the company's stock after purchasing an additional 41,866 shares during the period. Legal & General Group Plc owned approximately 0.09% of Zeta Global worth $3,655,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Rakuten Securities Inc. purchased a new position in Zeta Global in the 4th quarter worth about $27,000. SBI Securities Co. Ltd. purchased a new position in Zeta Global in the 4th quarter worth about $33,000. Heck Capital Advisors LLC bought a new position in Zeta Global during the 4th quarter worth about $66,000. IFP Advisors Inc bought a new position in Zeta Global during the 4th quarter worth about $72,000. Finally, Transcendent Capital Group LLC bought a new position in Zeta Global during the 4th quarter worth about $87,000. 87.75% of the stock is owned by institutional investors.

Zeta Global Stock Performance

ZETA traded up $0.26 during trading on Monday, reaching $13.40. 4,845,372 shares of the company's stock were exchanged, compared to its average volume of 5,255,599. Zeta Global Holdings Corp. has a 1 year low of $10.69 and a 1 year high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The stock has a market capitalization of $3.19 billion, a P/E ratio of -19.14, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. The company's fifty day simple moving average is $14.39 and its 200-day simple moving average is $19.56.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ZETA. B. Riley dropped their target price on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Needham & Company LLC reiterated a "buy" rating and set a $43.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. 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 report on Wednesday, April 16th. Canaccord Genuity Group restated a "buy" rating and issued a $28.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group lowered their price target on shares of Zeta Global from $30.00 to $27.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.57.

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.