Prospect Capital Advisors LLC Makes New Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

Prospect Capital Advisors LLC bought a new position 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 institutional investor bought 100,000 shares of the company's stock, valued at approximately $1,799,000. Zeta Global makes up 1.0% of Prospect Capital Advisors LLC's portfolio, making the stock its 25th largest position.

A number of other institutional investors have also added to or reduced their stakes in ZETA. Optiver Holding B.V. raised its holdings in Zeta Global by 60.9% in the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock worth $25,000 after purchasing an additional 532 shares during the period. Rakuten Securities Inc. acquired a new position in Zeta Global in the fourth quarter valued at approximately $27,000. Coppell Advisory Solutions LLC raised its holdings in Zeta Global by 244.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock valued at $31,000 after buying an additional 1,201 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Zeta Global in the 4th quarter valued at approximately $33,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Zeta Global in the 4th quarter worth approximately $66,000. Hedge funds and other institutional investors own 87.75% of the company's stock.

Zeta Global Stock Performance

NYSE:ZETA traded down $0.22 during mid-day trading on Tuesday, reaching $13.57. 1,160,126 shares of the stock were exchanged, compared to its average volume of 5,498,443. The company has a 50 day simple moving average of $13.26 and a 200-day simple moving average of $18.03. 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 $3.20 billion, a P/E ratio of -19.38, a P/E/G ratio of 1.65 and a beta of 1.29. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Analysts Set New Price Targets

ZETA has been the topic of several research analyst reports. The Goldman Sachs Group cut their price objective on Zeta Global from $27.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Truist Financial lowered their target price on Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. 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. B. Riley decreased their price objective on Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Barclays cut their target price on shares of Zeta Global from $32.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 27th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.36.

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.