Commonwealth Equity Services LLC Decreases Stock Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Commonwealth Equity Services LLC cut its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,924 shares of the company’s stock after selling 1,929 shares during the period. Commonwealth Equity Services LLC owned approximately 0.06% of Zeta Global worth $2,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Lord Abbett & CO. LLC raised its stake in Zeta Global by 85.0% during the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after purchasing an additional 2,623,980 shares during the period. Geode Capital Management LLC raised its position in shares of Zeta Global by 18.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after buying an additional 674,192 shares during the period. State Street Corp lifted its holdings in Zeta Global by 12.2% in the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after acquiring an additional 455,944 shares during the last quarter. FMR LLC grew its position in Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after acquiring an additional 3,557,119 shares during the period. Finally, Summit Partners Public Asset Management LLC increased its stake in Zeta Global by 210.4% during the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after acquiring an additional 1,703,679 shares during the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada lowered their price target on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Morgan Stanley lifted their price target 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. The Goldman Sachs Group decreased their price objective on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. William Blair reiterated an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $28.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Trading Down 3.8 %

NYSE ZETA opened at $15.13 on Thursday. Zeta Global Holdings Corp. has a 52 week low of $10.30 and a 52 week high of $38.20. The firm has a 50 day moving average of $18.19 and a two-hundred day moving average of $22.47. The stock has a market capitalization of $3.60 billion, a PE ratio of -21.61, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

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.