Victory Capital Management Inc. Buys 335,300 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Victory Capital Management Inc. grew its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 488.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 403,960 shares of the company’s stock after acquiring an additional 335,300 shares during the period. Victory Capital Management Inc. owned about 0.17% of Zeta Global worth $7,267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ZETA. Charles Schwab Investment Management Inc. raised its stake in Zeta Global by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,839,195 shares of the company’s stock worth $33,087,000 after buying an additional 96,640 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Zeta Global in the fourth quarter worth approximately $33,000. Jones Financial Companies Lllp raised its stake in Zeta Global by 2,045.7% in the fourth quarter. Jones Financial Companies Lllp now owns 12,917 shares of the company’s stock worth $232,000 after buying an additional 12,315 shares in the last quarter. US Bancorp DE raised its stake in Zeta Global by 246.9% in the fourth quarter. US Bancorp DE now owns 35,209 shares of the company’s stock worth $633,000 after buying an additional 25,059 shares in the last quarter. Finally, Verus Capital Partners LLC bought a new position in Zeta Global in the fourth quarter worth approximately $855,000. Institutional investors own 87.75% of the company’s stock.

Zeta Global Price Performance

NYSE:ZETA opened at $13.91 on Friday. 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. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of -19.87, a PEG ratio of 1.65 and a beta of 1.18. The firm’s fifty day moving average is $18.70 and its two-hundred day moving average is $23.11.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. The Goldman Sachs Group reduced 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. Morgan Stanley lifted their price target on shares of Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 price target on shares of Zeta Global in a report on Wednesday, February 26th. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Barclays cut their price target on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Zeta Global has a consensus rating of “Moderate Buy” and an average target price 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.