Tower Bridge Advisors Trims Stock Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Tower Bridge Advisors decreased its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,600 shares of the company’s stock after selling 1,400 shares during the quarter. Tower Bridge Advisors’ holdings in Zeta Global were worth $227,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Creative Planning purchased a new position in Zeta Global during the 3rd quarter valued at about $696,000. Raymond James & Associates increased its stake in shares of Zeta Global by 35.5% during the third quarter. Raymond James & Associates now owns 107,406 shares of the company’s stock valued at $3,204,000 after purchasing an additional 28,117 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Zeta Global by 25.3% during the third quarter. US Bancorp DE now owns 10,150 shares of the company’s stock valued at $303,000 after purchasing an additional 2,047 shares during the last quarter. Stephens Investment Management Group LLC bought a new stake in shares of Zeta Global in the 3rd quarter worth approximately $7,676,000. Finally, Stephens Inc. AR purchased a new stake in shares of Zeta Global in the 3rd quarter worth approximately $1,634,000. Institutional investors own 87.75% of the company’s stock.

Zeta Global Price Performance

NYSE ZETA opened at $17.24 on Friday. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of -24.62, a PEG ratio of 1.65 and a beta of 1.17. Zeta Global Holdings Corp. has a 1-year low of $9.97 and a 1-year high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The business’s fifty day moving average price is $19.33 and its 200-day moving average price is $23.73.

Analyst Ratings Changes

A number of research analysts have issued reports on ZETA shares. Truist Financial reissued a “buy” rating and issued a $42.00 target price (up from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research note on Wednesday. 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. Canaccord Genuity Group reiterated a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a research note on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $43.00 price target on shares of Zeta Global in a report on Wednesday. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.07.

Zeta Global Company 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.