Monolith Management Ltd Takes Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Monolith Management Ltd acquired a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 63,750 shares of the company's stock, valued at approximately $1,147,000. Zeta Global makes up approximately 0.6% of Monolith Management Ltd's investment portfolio, making the stock its 22nd biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its position in Zeta Global by 36.4% during the third quarter. Barclays PLC now owns 420,518 shares of the company's stock valued at $12,544,000 after buying an additional 112,238 shares during the period. Invst LLC purchased a new position in Zeta Global in the 3rd quarter valued at approximately $959,000. Virtu Financial LLC acquired a new stake in shares of Zeta Global in the third quarter valued at $757,000. Franklin Resources Inc. raised its stake in shares of Zeta Global by 86.0% in the third quarter. Franklin Resources Inc. now owns 128,269 shares of the company's stock valued at $3,984,000 after acquiring an additional 59,311 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock valued at $170,332,000 after buying an additional 2,623,980 shares during the last quarter. Institutional investors own 87.75% of the company's stock.

Zeta Global Stock Performance

NYSE ZETA traded down $0.58 during trading hours on Wednesday, reaching $12.87. 1,525,547 shares of the company were exchanged, compared to its average volume of 5,640,583. The business's 50 day simple moving average is $14.21 and its 200-day simple moving average is $19.52. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. 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 capitalization of $3.06 billion, a P/E ratio of -18.39, a P/E/G ratio of 1.65 and a beta of 1.29.

Analyst Ratings Changes

A number of research firms recently issued reports on ZETA. William Blair reissued an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. DA Davidson decreased their price objective on Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Barclays reduced their target price on 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. Canaccord Genuity Group restated a "buy" rating and issued a $28.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Royal Bank of Canada dropped their target price on Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a report on Monday. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Zeta Global presently has a consensus rating of "Moderate Buy" and an average target price of $32.57.

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.