Great Lakes Advisors LLC Sells 49,095 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Great Lakes Advisors LLC trimmed its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 34.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,283 shares of the company’s stock after selling 49,095 shares during the period. Great Lakes Advisors LLC’s holdings in Zeta Global were worth $1,714,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ZETA. SBI Securities Co. Ltd. bought a new stake in shares of Zeta Global during the fourth quarter worth approximately $33,000. Covestor Ltd grew its holdings in Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after purchasing an additional 1,451 shares during the period. Advisors Asset Management Inc. grew its holdings in Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after purchasing an additional 1,136 shares during the period. Heck Capital Advisors LLC acquired a new position in Zeta Global during the fourth quarter valued at approximately $66,000. Finally, IFP Advisors Inc acquired a new position in Zeta Global during the fourth quarter valued at approximately $72,000. 87.75% of the stock is owned by institutional investors.

Zeta Global Stock Performance

Shares of ZETA opened at $13.91 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 firm has a fifty day simple moving average of $18.70 and a 200 day simple moving average of $23.09. Zeta Global Holdings Corp. has a 12 month low of $10.28 and a 12 month high of $38.20. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of -19.87, a PEG ratio of 1.65 and a beta of 1.18.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. B. Riley restated a “buy” rating and set a $44.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Canaccord Genuity Group restated a “buy” rating and set a $28.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Morgan Stanley boosted their price objective on shares of Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. The Goldman Sachs Group reduced their price target on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Finally, Royal Bank of Canada reduced their price target on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.86.

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.