Canada Pension Plan Investment Board Increases Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Canada Pension Plan Investment Board raised its stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 1,314.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,200 shares of the company's stock after purchasing an additional 165,600 shares during the period. Canada Pension Plan Investment Board owned about 0.08% of Zeta Global worth $3,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Lord Abbett & CO. LLC increased its holdings in shares of Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company's stock valued at $170,332,000 after acquiring an additional 2,623,980 shares during the last quarter. Norges Bank purchased a new position in shares of Zeta Global in the 4th quarter valued at about $43,236,000. Renaissance Technologies LLC increased its holdings in shares of Zeta Global by 98.8% in the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company's stock valued at $84,909,000 after acquiring an additional 2,345,562 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Zeta Global by 119.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company's stock valued at $74,285,000 after acquiring an additional 2,244,953 shares during the last quarter. Finally, Battery Management Corp. purchased a new position in shares of Zeta Global in the 4th quarter valued at about $15,954,000. Institutional investors and hedge funds own 87.75% of the company's stock.

Zeta Global Stock Performance

Zeta Global stock traded up $0.26 during trading hours on Monday, reaching $13.40. 4,845,372 shares of the stock were exchanged, compared to its average volume of 5,255,599. The firm's 50 day moving average is $14.39 and its 200 day moving average is $19.56. 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 $3.19 billion, a P/E ratio of -19.14, a P/E/G 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.

Wall Street Analysts Forecast Growth

ZETA has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price objective on Zeta Global from $30.00 to $27.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. DA Davidson reduced their price objective on Zeta Global from $42.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, April 14th. William Blair reissued an "outperform" rating on shares of Zeta Global in a report on Wednesday, February 26th. Morgan Stanley cut their target price on shares of Zeta Global from $25.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Truist Financial reduced their price target on shares of 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 analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Zeta Global has an average rating of "Moderate Buy" and an average price target of $32.57.

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.