Essex Investment Management Co. LLC Lowers Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

Essex Investment Management Co. LLC decreased its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 49.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 155,850 shares of the company’s stock after selling 150,455 shares during the period. Essex Investment Management Co. LLC owned 0.07% of Zeta Global worth $2,804,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bleakley Financial Group LLC increased its stake in shares of Zeta Global by 4.7% during the 4th quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company’s stock valued at $254,000 after acquiring an additional 636 shares during the last quarter. HighTower Advisors LLC increased its position in Zeta Global by 4.2% during the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after purchasing an additional 892 shares during the last quarter. D.A. Davidson & CO. increased its position in Zeta Global by 1.6% during the fourth quarter. D.A. Davidson & CO. now owns 64,223 shares of the company’s stock worth $1,155,000 after purchasing an additional 987 shares during the last quarter. First Bank & Trust boosted its holdings in shares of Zeta Global by 10.6% in the 4th quarter. First Bank & Trust now owns 11,276 shares of the company’s stock valued at $203,000 after purchasing an additional 1,083 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after buying an additional 1,136 shares during the period. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Stock Down 1.2 %

Shares of Zeta Global stock opened at $15.86 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global Holdings Corp. has a 1-year low of $10.05 and a 1-year high of $38.20. The business has a 50-day moving average of $19.12 and a 200-day moving average of $23.46. The company has a market capitalization of $3.76 billion, a PE ratio of -22.65, a P/E/G ratio of 1.65 and a beta of 1.18.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. DA Davidson increased their target price on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Barclays cut 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. Oppenheimer boosted their target price on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. The Goldman Sachs Group dropped their target price on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Finally, Morgan Stanley lifted 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. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Zeta Global currently has an average rating of “Moderate Buy” and an average price target of $36.86.

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.