Atria Wealth Solutions Inc. Cuts Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

Atria Wealth Solutions Inc. lowered its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,850 shares of the company’s stock after selling 639 shares during the period. Atria Wealth Solutions Inc.’s holdings in Zeta Global were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after acquiring an additional 1,360 shares in the last quarter. Covestor Ltd grew 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 acquiring an additional 1,451 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after acquiring an additional 1,136 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in Zeta Global during the 4th quarter valued at about $66,000. Finally, OneAscent Financial Services LLC purchased a new stake in Zeta Global during the 3rd quarter valued at about $265,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Stock Performance

Shares of ZETA opened at $17.24 on Friday. 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 cap of $4.09 billion, a P/E ratio of -24.62, a PEG ratio of 1.65 and a beta of 1.17. The company has a 50-day moving average of $19.33 and a two-hundred day moving average of $23.73. Zeta Global Holdings Corp. has a 12-month low of $9.97 and a 12-month high of $38.20.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Royal Bank of Canada dropped their price objective on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Barclays decreased their target price 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. Canaccord Genuity Group reiterated a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a report on Wednesday. Oppenheimer boosted their target price on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, DA Davidson boosted their target price on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.07.

About Zeta Global

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.