Xponance Inc. Grows Stock Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Xponance Inc. increased its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 10.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 13,897 shares of the company’s stock after acquiring an additional 1,365 shares during the period. Xponance Inc.’s holdings in Zeta Global were worth $250,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Zeta Global by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock valued at $37,015,000 after acquiring an additional 293,583 shares during the period. Hodges Capital Management Inc. increased its holdings in Zeta Global by 163.1% in the 4th quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock valued at $7,798,000 after purchasing an additional 268,710 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Zeta Global by 31.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock valued at $51,980,000 after purchasing an additional 413,577 shares during the period. Barclays PLC lifted its stake in Zeta Global by 36.4% during 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 in the last quarter. Finally, Nordea Investment Management AB purchased a new position in shares of Zeta Global during the fourth quarter worth $2,444,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Royal Bank of Canada decreased their target price on Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Needham & Company LLC reissued a “buy” rating and issued a $43.00 price objective on shares of Zeta Global in a research note on Wednesday, February 26th. Morgan Stanley lifted their price objective 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. The Goldman Sachs Group reduced their target price on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $28.00 price target 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 issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.86.

Zeta Global Price Performance

ZETA stock opened at $13.74 on Friday. The business has a 50 day moving average price of $18.00 and a 200 day moving average price of $22.33. 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 $3.27 billion, a price-to-earnings ratio of -19.63, a PEG ratio of 1.65 and a beta of 1.18. Zeta Global Holdings Corp. has a fifty-two week low of $10.30 and a fifty-two week high of $38.20.

Zeta Global Company 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.