Zeta Global Holdings Corp. (NYSE:ZETA) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 88.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,765 shares of the company's stock after buying an additional 20,520 shares during the quarter. Hsbc Holdings PLC's holdings in Zeta Global were worth $767,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ZETA. JPMorgan Chase & Co. increased its holdings in Zeta Global by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company's stock valued at $37,015,000 after purchasing an additional 293,583 shares during the period. Hodges Capital Management Inc. lifted its holdings in shares of Zeta Global by 163.1% in the 4th quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company's stock worth $7,798,000 after purchasing an additional 268,710 shares in the last quarter. Barclays PLC increased its position in shares of Zeta Global by 36.4% during the third quarter. Barclays PLC now owns 420,518 shares of the company's stock worth $12,544,000 after acquiring an additional 112,238 shares in the last quarter. Nordea Investment Management AB bought a new position in Zeta Global during the 4th quarter valued at $2,444,000. Finally, Janney Montgomery Scott LLC lifted its holdings in Zeta Global by 273.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 77,745 shares of the company's stock worth $1,399,000 after acquiring an additional 56,910 shares during the period. Institutional investors and hedge funds own 87.75% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ZETA. The Goldman Sachs Group cut their price target on Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday. DA Davidson dropped their target price on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, April 14th. William Blair reaffirmed an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. B. Riley cut their price target on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Morgan Stanley dropped 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 equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Zeta Global currently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

Zeta Global Trading Up 0.3 %

Shares of Zeta Global stock traded up $0.04 during trading hours on Friday, hitting $13.35. The company's stock had a trading volume of 2,582,117 shares, compared to its average volume of 5,313,108. The firm has a fifty day moving average of $13.46 and a 200-day moving average of $18.79. Zeta Global Holdings Corp. has a twelve month low of $10.69 and a twelve month high of $38.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of -19.07, a P/E/G 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.