Royce & Associates LP Has $1.58 Million Stock Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Royce & Associates LP lessened its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,000 shares of the company’s stock after selling 88,000 shares during the quarter. Royce & Associates LP’s holdings in Zeta Global were worth $1,583,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ZETA. Lord Abbett & CO. LLC lifted its position in Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after acquiring an additional 2,623,980 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Zeta Global by 18.8% in the third quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after purchasing an additional 674,192 shares in the last quarter. State Street Corp boosted its position 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 buying an additional 455,944 shares during the period. FMR LLC grew its holdings 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 buying an additional 3,557,119 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC grew its holdings 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 buying an additional 1,703,679 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Royal Bank of Canada reduced their price target on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Needham & Company LLC restated a “buy” rating and set a $43.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. 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. Finally, B. Riley reaffirmed a “buy” rating and issued a $44.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Stock Up 0.4 %

ZETA opened at $14.44 on Friday. The stock’s fifty day simple moving average is $18.37 and its 200 day simple moving average is $22.79. Zeta Global Holdings Corp. has a 1-year low of $10.30 and a 1-year high of $38.20. The stock has a market cap of $3.43 billion, a PE ratio of -20.63, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

Zeta Global 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.