Independent Advisor Alliance Decreases Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

Independent Advisor Alliance lessened its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,279 shares of the company’s stock after selling 1,112 shares during the quarter. Independent Advisor Alliance’s holdings in Zeta Global were worth $185,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lord Abbett & CO. LLC increased its position in shares of Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after buying an additional 2,623,980 shares in the last quarter. Geode Capital Management LLC increased its holdings in Zeta Global by 18.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after acquiring an additional 674,192 shares in the last quarter. State Street Corp raised its position in Zeta Global by 12.2% during the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after acquiring an additional 455,944 shares during the last quarter. FMR LLC lifted its holdings in shares of Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after purchasing an additional 3,557,119 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC grew its position in shares of Zeta Global by 210.4% in the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock valued at $74,978,000 after purchasing an additional 1,703,679 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Stock Performance

NYSE ZETA opened at $14.44 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global Holdings Corp. has a 1-year low of $10.30 and a 1-year high of $38.20. The firm has a market capitalization of $3.43 billion, a P/E ratio of -20.63, a P/E/G ratio of 1.65 and a beta of 1.18. The business’s 50-day simple moving average is $18.37 and its 200-day simple moving average is $22.79.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ZETA. Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $28.00 price objective on shares of Zeta Global in a research note on Wednesday, February 26th. Morgan Stanley upped their target price on shares of Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Barclays lowered their price target on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. Finally, William Blair reissued an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zeta Global has an average rating of “Moderate Buy” and an average target price of $36.86.

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.