Van ECK Associates Corp Makes New $1.47 Million Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

Van ECK Associates Corp bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 81,552 shares of the company’s stock, valued at approximately $1,467,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Zeta Global by 3,885.7% during the 3rd 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 period. Covestor Ltd raised its holdings in shares of Zeta Global by 2,902.0% during the 3rd 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 period. Advisors Asset Management Inc. raised its holdings in shares of Zeta Global by 104.1% during the 3rd 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 period. Heck Capital Advisors LLC purchased a new position in shares of Zeta Global during the 4th quarter worth $66,000. Finally, KBC Group NV raised its holdings in shares of Zeta Global by 102.3% during the 4th 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 period. Institutional investors and hedge funds own 87.75% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on ZETA shares. KeyCorp lowered Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Truist Financial reiterated a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. The Goldman Sachs Group began coverage on shares of Zeta Global in a report on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 price objective on the stock. Canaccord Genuity Group boosted their price objective on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, William Blair restated an “outperform” rating on shares of Zeta Global in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.43.

Zeta Global Price Performance

Zeta Global stock opened at $20.71 on Friday. Zeta Global Holdings Corp. has a 12 month low of $9.97 and a 12 month high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The business has a 50 day simple moving average of $19.45 and a 200-day simple moving average of $23.88. The stock has a market capitalization of $4.92 billion, a PE ratio of -29.59, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17.

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.