Hsbc Holdings PLC Raises Stock Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Hsbc Holdings PLC increased its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 88.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 43,765 shares of the company's stock after purchasing an additional 20,520 shares during the period. Hsbc Holdings PLC's holdings in Zeta Global were worth $767,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ZETA. Rakuten Securities Inc. purchased a new position in Zeta Global during the fourth quarter worth about $27,000. SBI Securities Co. Ltd. purchased a new position in shares of Zeta Global during the fourth quarter worth about $33,000. Heck Capital Advisors LLC bought a new position in shares of Zeta Global in the fourth quarter worth approximately $66,000. IFP Advisors Inc purchased a new stake in Zeta Global in the fourth quarter valued at approximately $72,000. Finally, Transcendent Capital Group LLC bought a new stake in Zeta Global during the fourth quarter valued at approximately $87,000. Institutional investors own 87.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ZETA. Barclays decreased their price target on shares of Zeta Global from $32.00 to $18.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. Needham & Company LLC lowered their price target on Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. B. Riley cut their price objective on Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Canaccord Genuity Group reduced their price objective on Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Truist Financial dropped their target price on Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Zeta Global currently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

Zeta Global Trading Up 0.3 %

Zeta Global stock traded up $0.04 during trading hours on Friday, reaching $13.35. The stock had a trading volume of 2,886,063 shares, compared to its average volume of 5,328,441. The company has a fifty day simple moving average of $13.39 and a 200-day simple moving average of $18.65. Zeta Global Holdings Corp. has a 52 week low of $10.69 and a 52 week high of $38.20. The stock has a market cap of $3.17 billion, a PE ratio of -19.07, a PEG ratio of 1.65 and a beta of 1.29. 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 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.