Vontobel Holding Ltd. Takes Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Vontobel Holding Ltd. purchased a new position in Zeta Global Holdings Corp. (NYSE:ZETA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 36,600 shares of the company’s stock, valued at approximately $658,000.

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

Wall Street Analysts Forecast Growth

ZETA has been the subject of several research reports. Truist Financial reissued a “buy” rating and set a $42.00 price objective (up from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. KeyCorp lowered shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group initiated coverage on Zeta Global in a research note on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 price target on the stock. Barclays upped their price objective on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Oppenheimer raised their target price on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.43.

Zeta Global Price Performance

NYSE ZETA opened at $23.06 on Thursday. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of -32.94, a PEG ratio of 1.73 and a beta of 1.17. Zeta Global Holdings Corp. has a 12 month low of $9.93 and a 12 month high of $38.20. The company’s 50 day moving average is $19.47 and its two-hundred day moving average is $23.90. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

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.