Natixis Invests $407,000 in Zeta Global Holdings Corp. (NYSE:ZETA)

Natixis bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,600 shares of the company's stock, valued at approximately $407,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZETA. Rakuten Securities Inc. purchased a new stake in shares of Zeta Global in the fourth quarter valued at $27,000. SBI Securities Co. Ltd. purchased a new stake in Zeta Global during the fourth quarter valued at about $33,000. Heck Capital Advisors LLC acquired a new stake in Zeta Global during the fourth quarter worth about $66,000. IFP Advisors Inc acquired a new position in shares of Zeta Global in the 4th quarter valued at about $72,000. Finally, Transcendent Capital Group LLC acquired a new stake in Zeta Global during the 4th quarter worth approximately $87,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ZETA has been the subject of several research reports. Canaccord Genuity Group reiterated a "buy" rating and set a $28.00 price objective on shares of Zeta Global in a research note on Wednesday, February 26th. The Goldman Sachs Group lowered their price target on Zeta Global from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. DA Davidson reduced 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. Royal Bank of Canada lowered their target price on Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday. Finally, Morgan Stanley reduced their price target on Zeta Global from $25.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $32.57.

Zeta Global Stock Performance

Shares of Zeta Global stock traded down $0.40 during trading hours on Wednesday, reaching $13.05. The company's stock had a trading volume of 3,354,802 shares, compared to its average volume of 5,264,885. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $38.20. The company's 50 day simple moving average is $14.06 and its 200 day simple moving average is $19.47. The stock has a market cap of $3.10 billion, a P/E ratio of -18.64, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29.

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.