Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 353,018 Zeta Global Holdings Corp. (NYSE:ZETA)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 353,018 shares of the company’s stock, valued at approximately $6,351,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.15% of Zeta Global at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in Zeta Global by 512.3% in the 3rd quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock worth $4,059,000 after buying an additional 113,838 shares in the last quarter. Atria Investments Inc purchased a new position in Zeta Global in the third quarter worth $358,000. Covestor Ltd increased its stake in Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after acquiring an additional 1,451 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Zeta Global during the third quarter valued at about $448,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Zeta Global by 229.9% in the 3rd quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock worth $2,048,000 after purchasing an additional 47,849 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ZETA shares. Canaccord Genuity Group restated a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. B. Riley reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Zeta Global in a research note on Wednesday, February 26th. Royal Bank of Canada decreased their target price on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley upped 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. Finally, Barclays decreased their price objective on 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 research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Stock Performance

NYSE:ZETA opened at $13.91 on Friday. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The firm’s fifty day simple moving average is $18.70 and its 200 day simple moving average is $23.09. The stock 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 twelve month low of $10.28 and a twelve month high of $38.20.

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.