IFP Advisors Inc Makes New Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

IFP Advisors Inc bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,007 shares of the company’s stock, valued at approximately $72,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZETA. US Bancorp DE lifted its position in Zeta Global by 25.3% during the 3rd quarter. US Bancorp DE now owns 10,150 shares of the company’s stock worth $303,000 after acquiring an additional 2,047 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after buying an additional 1,360 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Zeta Global by 15.5% during the third quarter. Harbor Capital Advisors Inc. now owns 24,946 shares of the company’s stock valued at $744,000 after buying an additional 3,350 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Zeta Global by 512.3% during the third quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock valued at $4,059,000 after buying an additional 113,838 shares during the last quarter. Finally, Atria Investments Inc acquired a new position in shares of Zeta Global during the third quarter valued at about $358,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Price Performance

Shares of Zeta Global stock opened at $17.14 on Thursday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of -24.48, a P/E/G ratio of 1.65 and a beta of 1.17. Zeta Global Holdings Corp. has a 1-year low of $9.99 and a 1-year high of $38.20. The firm’s 50-day moving average price is $19.22 and its two-hundred day moving average price is $23.58.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $44.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Morgan Stanley upped their price objective on shares of Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report 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 report on Wednesday, February 26th. William Blair reissued an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, Oppenheimer upped their target price on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Four 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.86.

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.