Man Group plc Purchases New Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Man Group plc bought a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,557,008 shares of the company's stock, valued at approximately $28,011,000. Man Group plc owned approximately 0.66% of Zeta Global as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Optiver Holding B.V. lifted its holdings in Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock valued at $25,000 after purchasing an additional 532 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Zeta Global by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company's stock worth $336,000 after buying an additional 592 shares during the last quarter. Bleakley Financial Group LLC raised its stake 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 buying an additional 636 shares during the last quarter. D.A. Davidson & CO. raised its stake 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 worth $1,155,000 after buying an additional 987 shares during the last quarter. Finally, First Bank & Trust raised its stake in shares of Zeta Global by 10.6% during the fourth quarter. First Bank & Trust now owns 11,276 shares of the company's stock worth $203,000 after buying an additional 1,083 shares during the last quarter. 87.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ZETA. Barclays decreased their price objective on shares of Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. B. Riley decreased 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 report on Tuesday, April 22nd. Canaccord Genuity Group cut 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 report on Friday, May 2nd. The Goldman Sachs Group decreased their price target on Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Finally, Truist Financial cut their price objective on Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $30.36.

Zeta Global Stock Performance

ZETA stock traded down $0.17 during trading hours on Monday, hitting $13.78. 3,719,242 shares of the stock were exchanged, compared to its average volume of 5,353,736. Zeta Global Holdings Corp. has a 12 month low of $10.69 and a 12 month high of $38.20. The firm has a market capitalization of $3.25 billion, a P/E ratio of -19.69, a P/E/G ratio of 1.65 and a beta of 1.29. The company has a 50-day simple moving average of $13.27 and a two-hundred day simple moving average of $18.13. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

About Zeta Global

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.