Charles Schwab Investment Management Inc. Purchases 96,640 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Charles Schwab Investment Management Inc. grew its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,839,195 shares of the company’s stock after purchasing an additional 96,640 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.77% of Zeta Global worth $33,087,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Zeta Global in the 4th quarter valued at approximately $33,000. Advisors Asset Management Inc. lifted its position in shares of Zeta Global by 104.1% in 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 in the last quarter. Heck Capital Advisors LLC acquired a new position in Zeta Global during the fourth quarter worth $66,000. IFP Advisors Inc bought a new position in Zeta Global in the fourth quarter valued at $72,000. Finally, Transcendent Capital Group LLC bought a new position in Zeta Global in the fourth quarter valued at $87,000. 87.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays reduced their price objective on shares of 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. Canaccord Genuity Group reissued a “buy” rating and set a $28.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. William Blair restated an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. The Goldman Sachs Group dropped their price objective on Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada decreased 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 note on Friday, January 3rd. Four research 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 company. According to 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 Up 1.5 %

Shares of ZETA opened at $13.91 on Monday. The firm’s 50-day simple moving average is $18.70 and its 200 day simple moving average is $23.07. 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 $3.31 billion, a P/E ratio of -19.87, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. Zeta Global Holdings Corp. has a 52 week low of $10.28 and a 52 week high of $38.20.

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.