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

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

Several other institutional investors also recently bought and sold shares of ZETA. Hodges Capital Management Inc. boosted its holdings in shares of Zeta Global by 163.1% during the 4th quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company's stock worth $7,798,000 after purchasing an additional 268,710 shares during the last quarter. Barclays PLC grew its stake in Zeta Global by 36.4% during the 3rd quarter. Barclays PLC now owns 420,518 shares of the company's stock worth $12,544,000 after purchasing an additional 112,238 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Zeta Global by 273.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 77,745 shares of the company's stock worth $1,399,000 after acquiring an additional 56,910 shares during the period. Janney Capital Management LLC acquired a new position in shares of Zeta Global during the fourth quarter worth about $355,000. Finally, Stephens Investment Management Group LLC raised its position in Zeta Global by 219.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 822,157 shares of the company's stock worth $14,791,000 after acquiring an additional 564,830 shares in the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Stock Down 0.9%

NYSE:ZETA traded down $0.13 during mid-day trading on Wednesday, reaching $13.54. The stock had a trading volume of 818,005 shares, compared to its average volume of 5,341,005. The stock has a market cap of $3.19 billion, a P/E ratio of -19.38, a PEG ratio of 1.65 and a beta of 1.29. The business's 50 day moving average is $13.26 and its 200 day moving average is $18.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week high of $38.20.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ZETA shares. Canaccord Genuity Group decreased their price objective 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. Barclays lowered their target price on Zeta Global from $32.00 to $18.00 and set an "equal weight" rating for the company in a research note on Thursday, February 27th. Truist Financial reduced their price target on Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Morgan Stanley lowered their price objective on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, DA Davidson reduced their target price on Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $30.36.

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.