Lord Abbett & CO. LLC Sells 3,862,362 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Lord Abbett & CO. LLC decreased its position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 67.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,847,719 shares of the company's stock after selling 3,862,362 shares during the quarter. Lord Abbett & CO. LLC owned about 0.78% of Zeta Global worth $33,240,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ZETA. Summit Investment Advisors Inc. lifted its position in shares of Zeta Global by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company's stock valued at $336,000 after acquiring an additional 592 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of Zeta Global by 4.7% during the fourth 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. lifted its holdings in shares of Zeta Global by 1.6% during the fourth quarter. D.A. Davidson & CO. now owns 64,223 shares of the company's stock valued at $1,155,000 after purchasing an additional 987 shares during the last quarter. First Bank & Trust boosted its position in shares of Zeta Global by 10.6% in the 4th 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. Finally, Coppell Advisory Solutions LLC increased its stake in Zeta Global by 244.1% in 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 in the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Stock Performance

Shares of ZETA traded up $0.60 during trading hours on Thursday, reaching $13.66. 3,651,985 shares of the company traded hands, compared to its average volume of 5,258,908. Zeta Global Holdings Corp. has a 1-year low of $10.69 and a 1-year high of $38.20. The stock has a market cap of $3.25 billion, a P/E ratio of -19.50, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. The stock's fifty day moving average is $14.06 and its 200 day moving average is $19.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

Wall Street Analyst Weigh In

ZETA has been the topic of several analyst reports. Canaccord Genuity Group reissued a "buy" rating and issued a $28.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Barclays lowered their price objective on shares of Zeta Global from $32.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and set a $43.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Morgan Stanley decreased their target price 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. Finally, The Goldman Sachs Group dropped their price target on Zeta Global from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Four 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, the company currently has a consensus rating of "Moderate Buy" and an average 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.