Zeta Global Holdings Corp. (NYSE:ZETA) Stock Holdings Increased by Rhumbline Advisers

Rhumbline Advisers lifted its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 247,464 shares of the company’s stock after purchasing an additional 5,896 shares during the quarter. Rhumbline Advisers’ holdings in Zeta Global were worth $4,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZETA. Farther Finance Advisors LLC grew its stake in shares of Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after acquiring an additional 1,360 shares during the last quarter. Covestor Ltd grew its stake in shares of Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after acquiring an additional 1,451 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Zeta Global by 104.1% in the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after acquiring an additional 1,136 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Zeta Global in the fourth quarter worth $66,000. Finally, KBC Group NV grew its stake in shares of Zeta Global by 102.3% in the fourth quarter. KBC Group NV now owns 9,680 shares of the company’s stock worth $174,000 after acquiring an additional 4,896 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

Wall Street Analysts Forecast Growth

ZETA has been the topic of several research analyst reports. B. Riley restated a “buy” rating and issued a $44.00 price objective on shares of Zeta Global in a research note on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a research report on Wednesday. Craig Hallum raised their target price on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Barclays reduced their target price on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Morgan Stanley raised their target price on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.07.

Zeta Global Price Performance

Shares of ZETA opened at $17.24 on Friday. Zeta Global Holdings Corp. has a 12-month low of $9.97 and a 12-month high of $38.20. The business’s fifty day moving average is $19.33 and its 200 day moving average is $23.73. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.09 billion, a P/E ratio of -24.62, a P/E/G ratio of 1.65 and a beta of 1.17.

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.