Proficio Capital Partners LLC Purchases New Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Proficio Capital Partners LLC bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 10,693 shares of the company’s stock, valued at approximately $192,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Zeta Global by 3,885.7% in 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 in the last quarter. Covestor Ltd boosted its position in Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after purchasing an additional 1,451 shares during the period. Advisors Asset Management Inc. boosted its position in Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after purchasing an additional 1,136 shares during the period. Heck Capital Advisors LLC bought a new position in Zeta Global during the fourth quarter worth $66,000. Finally, IFP Advisors Inc bought a new position in Zeta Global during the fourth quarter worth $72,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZETA. Royal Bank of Canada reduced their target price on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Needham & Company LLC reissued a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. B. Riley reissued a “buy” rating and issued a $44.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. The Goldman Sachs Group dropped their price target on Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Finally, Barclays lowered their target price on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Zeta Global presently has an average rating of “Moderate Buy” and a consensus price target of $36.86.

Zeta Global Price Performance

Zeta Global stock opened at $14.49 on Thursday. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of -20.69, a PEG ratio of 1.65 and a beta of 1.18. Zeta Global Holdings Corp. has a 52-week low of $10.13 and a 52-week high of $38.20. The stock’s 50 day moving average price is $18.90 and its two-hundred day moving average price is $23.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

Zeta Global 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.