Clearbridge Investments LLC Purchases 170,784 Shares of Zeta Global Holdings Corp. $ZETA

Clearbridge Investments LLC lifted its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,248,191 shares of the company’s stock after acquiring an additional 170,784 shares during the quarter. Clearbridge Investments LLC’s holdings in Zeta Global were worth $45,751,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Zeta Global by 6.1% in the 4th quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock worth $469,094,000 after acquiring an additional 1,325,717 shares in the last quarter. Disciplined Growth Investors Inc. MN purchased a new position in shares of Zeta Global in the 3rd quarter worth about $121,502,000. Goldman Sachs Group Inc. boosted its holdings in shares of Zeta Global by 13.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,582,446 shares of the company’s stock worth $113,603,000 after buying an additional 673,145 shares during the last quarter. Capital World Investors boosted its holdings in shares of Zeta Global by 0.7% in the 4th quarter. Capital World Investors now owns 5,013,776 shares of the company’s stock worth $102,030,000 after buying an additional 33,923 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Zeta Global by 4.8% in the 2nd quarter. State Street Corp now owns 4,671,750 shares of the company’s stock worth $72,365,000 after buying an additional 215,932 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ZETA shares. DA Davidson boosted their price target on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a report on Monday, April 20th. Royal Bank Of Canada boosted their price target 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. KeyCorp raised shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a report on Tuesday, April 28th. Finally, Wall Street Zen downgraded shares of Zeta Global from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.83.

Zeta Global Price Performance

NYSE ZETA opened at $21.13 on Wednesday. The company has a market cap of $5.27 billion, a PE ratio of -192.10, a price-to-earnings-growth ratio of 3.39 and a beta of 1.34. Zeta Global Holdings Corp. has a 52 week low of $12.10 and a 52 week 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 firm’s 50-day simple moving average is $18.17 and its two-hundred day simple moving average is $18.45.

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.