NFJ Investment Group LLC Takes $2.92 Million Position in Zeta Global Holdings Corp. $ZETA

NFJ Investment Group LLC purchased a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) in the 4th quarter, Holdings Channel.com reports. The firm purchased 143,357 shares of the company’s stock, valued at approximately $2,917,000.

Several other hedge funds and other institutional investors have also modified their holdings of ZETA. Disciplined Growth Investors Inc. MN acquired a new position in shares of Zeta Global in the 3rd quarter valued at about $121,502,000. Norges Bank acquired a new position in shares of Zeta Global in the 4th quarter valued at about $46,975,000. M&T Bank Corp boosted its holdings in shares of Zeta Global by 12,545.2% in the 4th quarter. M&T Bank Corp now owns 2,233,649 shares of the company’s stock valued at $45,455,000 after buying an additional 2,215,985 shares during the period. Annex Advisory Services LLC acquired a new position in Zeta Global during the 4th quarter valued at about $42,136,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Zeta Global by 294.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,046,279 shares of the company’s stock valued at $41,642,000 after purchasing an additional 1,527,482 shares during the period. 87.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. KeyCorp raised shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 target price for the company in a research note on Tuesday, April 28th. Bank of America assumed coverage on shares of Zeta Global in a research note on Tuesday, May 19th. They set a “buy” rating and a $24.00 target price for the company. Wall Street Zen lowered shares of Zeta Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Royal Bank Of Canada boosted their target price on shares of Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, B. Riley Financial reissued a “buy” rating on shares of Zeta Global in a research note on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.83.

Insider Buying and Selling at Zeta Global

In other news, Director Jeanine Silberblatt sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $19.89, for a total value of $149,175.00. Following the completion of the sale, the director directly owned 50,350 shares of the company’s stock, valued at approximately $1,001,461.50. This represents a 12.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 10.74% of the company’s stock.

Zeta Global Trading Down 0.1%

Shares of NYSE:ZETA opened at $20.18 on Monday. The company has a 50 day moving average of $18.45 and a 200-day moving average of $18.52. The firm has a market cap of $5.03 billion, a P/E ratio of -183.46, a P/E/G ratio of 3.15 and a beta of 1.34. Zeta Global Holdings Corp. has a twelve month low of $12.10 and a twelve month high of $25.95. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22.

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.