Goldman Sachs Group Inc. Purchases 673,145 Shares of Zeta Global Holdings Corp. $ZETA

Goldman Sachs Group Inc. grew its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,582,446 shares of the company’s stock after acquiring an additional 673,145 shares during the period. Goldman Sachs Group Inc.’s holdings in Zeta Global were worth $113,603,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Zeta Global by 6.1% during the 4th quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock worth $469,094,000 after buying an additional 1,325,717 shares during the period. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Zeta Global during the 4th quarter worth about $13,976,000. Fortress Investment Group LLC bought a new stake in shares of Zeta Global during the 3rd quarter worth about $9,935,000. Register Financial Advisors LLC boosted its holdings in shares of Zeta Global by 794.6% during the 4th quarter. Register Financial Advisors LLC now owns 107,350 shares of the company’s stock worth $2,185,000 after buying an additional 95,350 shares during the period. Finally, DNB Asset Management AS bought a new stake in shares of Zeta Global during the 3rd quarter worth about $2,416,000. Institutional investors own 87.75% of the company’s stock.

Zeta Global Price Performance

Shares of Zeta Global stock opened at $21.77 on Tuesday. Zeta Global Holdings Corp. has a twelve month low of $12.10 and a twelve month high of $25.95. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The company has a 50-day simple moving average of $18.04 and a two-hundred day simple moving average of $18.42. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of -197.91, a price-to-earnings-growth ratio of 3.43 and a beta of 1.34.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Bank of America assumed coverage on shares of Zeta Global in a report on Tuesday, May 19th. They set a “buy” rating and a $24.00 target price for the company. Royal Bank Of Canada lifted their target price on shares of Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. DA Davidson lifted their price objective on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. B. Riley Financial reiterated a “buy” rating on shares of Zeta Global in a research note on Friday, May 1st. Finally, KeyCorp upgraded shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research note on Tuesday, April 28th. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.83.

Zeta Global Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.