Voya Investment Management LLC Sells 246,000 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Voya Investment Management LLC lowered its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 81.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,862 shares of the company's stock after selling 246,000 shares during the period. Voya Investment Management LLC's holdings in Zeta Global were worth $987,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ZETA. JPMorgan Chase & Co. increased its holdings in shares of Zeta Global by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company's stock worth $37,015,000 after purchasing an additional 293,583 shares during the period. Hodges Capital Management Inc. grew its position in Zeta Global by 163.1% during the fourth quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company's stock worth $7,798,000 after buying an additional 268,710 shares in the last quarter. Barclays PLC increased its stake in Zeta Global by 36.4% in the 3rd quarter. Barclays PLC now owns 420,518 shares of the company's stock worth $12,544,000 after acquiring an additional 112,238 shares during the last quarter. Nordea Investment Management AB bought a new position in Zeta Global in the 4th quarter worth about $2,444,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Zeta Global by 273.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 77,745 shares of the company's stock valued at $1,399,000 after acquiring an additional 56,910 shares in the last quarter. 87.75% of the stock is owned by institutional investors.

Zeta Global Trading Up 4.2%

Shares of NYSE:ZETA traded up $0.56 on Monday, reaching $13.91. 1,356,395 shares of the company traded hands, compared to its average volume of 5,313,697. The stock has a market capitalization of $3.31 billion, a P/E ratio of -19.91, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. The business's 50-day simple moving average is $13.39 and its 200 day simple moving average is $18.60. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a 52 week low of $10.69 and a 52 week high of $38.20.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. DA Davidson decreased their price objective on shares of Zeta Global from $42.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Truist Financial decreased their price target on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Canaccord Genuity Group dropped their price objective on shares of Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a report on Friday, May 2nd. William Blair reiterated an "outperform" rating on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

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.