Comerica Bank Sells 79,385 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Comerica Bank decreased its position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 76.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,758 shares of the company's stock after selling 79,385 shares during the quarter. Comerica Bank's holdings in Zeta Global were worth $445,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Barclays PLC boosted its holdings in Zeta Global by 36.4% in the third quarter. Barclays PLC now owns 420,518 shares of the company's stock worth $12,544,000 after purchasing an additional 112,238 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Zeta Global by 86.0% during the third quarter. Franklin Resources Inc. now owns 128,269 shares of the company's stock valued at $3,984,000 after acquiring an additional 59,311 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of Zeta Global by 53.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 43,477 shares of the company's stock valued at $782,000 after purchasing an additional 15,068 shares in the last quarter. Janney Capital Management LLC bought a new stake in shares of Zeta Global during the fourth quarter valued at about $355,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Zeta Global by 273.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 77,745 shares of the company's stock valued at $1,399,000 after purchasing an additional 56,910 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

Analyst Upgrades and Downgrades

ZETA has been the topic of several research reports. William Blair reiterated an "outperform" rating on shares of Zeta Global in a research report on Wednesday, February 26th. Royal Bank of Canada lowered their price target on Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Morgan Stanley lowered their price target on 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. Needham & Company LLC decreased their target price on Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group reduced their price objective on Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

Zeta Global Price Performance

Shares of ZETA stock traded down $0.17 during trading hours on Monday, hitting $13.78. 3,719,242 shares of the company's stock were exchanged, compared to its average volume of 5,353,660. The stock's 50-day moving average is $13.27 and its 200-day moving average is $18.13. 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 stock has a market cap of $3.25 billion, a price-to-earnings ratio of -19.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a 52 week low of $10.69 and a 52 week high of $38.20.

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.