Price T Rowe Associates Inc. MD Decreases Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Price T Rowe Associates Inc. MD decreased its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 91.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 372,133 shares of the company's stock after selling 3,892,599 shares during the period. Price T Rowe Associates Inc. MD owned 0.16% of Zeta Global worth $6,696,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in Zeta Global by 36.4% in the third quarter. Barclays PLC now owns 420,518 shares of the company's stock valued at $12,544,000 after purchasing an additional 112,238 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Zeta Global during the 3rd quarter valued at $757,000. Franklin Resources Inc. grew its stake in shares of Zeta Global by 86.0% during the 3rd quarter. Franklin Resources Inc. now owns 128,269 shares of the company's stock worth $3,984,000 after acquiring an additional 59,311 shares during the period. JPMorgan Chase & Co. increased its holdings in Zeta Global by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company's stock worth $37,015,000 after acquiring an additional 293,583 shares during the last quarter. Finally, Nordea Investment Management AB bought a new stake in Zeta Global in the 4th quarter valued at about $2,444,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $13.69 on Friday. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of -19.56, a PEG ratio of 1.65 and a beta of 1.29. The company's fifty day moving average price is $13.76 and its 200-day moving average price is $19.14.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Zeta Global from $25.00 to $15.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. B. Riley reduced their price objective on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Barclays dropped 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. Needham & Company LLC reduced their price target on Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a research report on Friday. Finally, William Blair restated an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $31.14.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.