Bank of New York Mellon Corp Raises Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Bank of New York Mellon Corp lifted its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 54.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 772,768 shares of the company’s stock after purchasing an additional 271,562 shares during the quarter. Bank of New York Mellon Corp owned about 0.33% of Zeta Global worth $13,902,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in Zeta Global by 25.3% in the third quarter. US Bancorp DE now owns 10,150 shares of the company’s stock worth $303,000 after acquiring an additional 2,047 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Zeta Global by 3,885.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after purchasing an additional 1,360 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Zeta Global by 512.3% in the 3rd quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock worth $4,059,000 after purchasing an additional 113,838 shares in the last quarter. Atria Investments Inc purchased a new stake in Zeta Global during the 3rd quarter worth approximately $358,000. Finally, Covestor Ltd increased its stake in Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after purchasing an additional 1,451 shares in the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Stock Up 1.4 %

ZETA stock opened at $14.49 on Thursday. The firm’s fifty day moving average is $18.90 and its 200 day moving average is $23.25. The firm has a market cap of $3.44 billion, a PE ratio of -20.69, a P/E/G ratio of 1.65 and a beta of 1.18. Zeta Global Holdings Corp. has a one year low of $10.13 and a one year high of $38.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Barclays lowered their price target on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. B. Riley reissued a “buy” rating and issued a $44.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Morgan Stanley raised their price objective on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada dropped their target price on Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Zeta Global presently has a consensus rating of “Moderate Buy” and a consensus 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.