Jones Financial Companies Lllp Acquires 12,315 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Jones Financial Companies Lllp raised its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 2,045.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,917 shares of the company’s stock after purchasing an additional 12,315 shares during the quarter. Jones Financial Companies Lllp’s holdings in Zeta Global were worth $232,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Lord Abbett & CO. LLC raised its position in shares of 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 acquiring an additional 2,623,980 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Zeta Global by 18.8% during the third quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after purchasing an additional 674,192 shares during the period. State Street Corp grew its stake in shares of Zeta Global by 12.2% during the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after purchasing an additional 455,944 shares during the period. FMR LLC grew its stake in shares of Zeta Global by 84,132.4% during the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after purchasing an additional 3,557,119 shares during the period. Finally, Summit Partners Public Asset Management LLC grew its stake in shares of 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 purchasing an additional 1,703,679 shares during the period. Institutional investors own 87.75% of the company’s stock.

Wall Street Analyst Weigh In

ZETA has been the subject of a number of analyst reports. B. Riley reaffirmed a “buy” rating and set a $44.00 price objective on shares of Zeta Global in a research note on Wednesday, February 26th. Morgan Stanley lifted 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. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price objective on shares of Zeta Global in a research note on Wednesday, February 26th. William Blair reissued an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.86.

Zeta Global Stock Performance

Shares of Zeta Global stock opened at $13.69 on Friday. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of -19.55, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The stock’s 50-day moving average is $18.80 and its 200-day moving average is $23.18. 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 current ratio of 3.32 and a quick ratio of 3.32.

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.