Zeta Global Holdings Corp. (NYSE:ZETA) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 119.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,129,255 shares of the company’s stock after acquiring an additional 2,244,953 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Zeta Global were worth $74,285,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Rakuten Securities Inc. purchased a new stake in shares of Zeta Global in the fourth quarter valued at about $27,000. SBI Securities Co. Ltd. purchased a new stake in shares of Zeta Global in the 4th quarter valued at approximately $33,000. Heck Capital Advisors LLC purchased a new stake in shares of Zeta Global in the 4th quarter valued at approximately $66,000. IFP Advisors Inc acquired a new stake in shares of Zeta Global during the 4th quarter worth approximately $72,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Zeta Global during the 4th quarter valued at approximately $87,000. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $13.58 on Tuesday. 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 12 month low of $10.30 and a 12 month high of $38.20. The firm has a market capitalization of $3.23 billion, a P/E ratio of -19.40, a P/E/G ratio of 1.65 and a beta of 1.18. The company’s fifty day moving average price is $17.90 and its 200 day moving average price is $22.19.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. William Blair reissued an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. Morgan Stanley raised their price objective on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. B. Riley reaffirmed a “buy” rating and set a $44.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Canaccord Genuity Group reissued a “buy” rating and issued a $28.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. Finally, Barclays lowered 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 report on Thursday, February 27th. Four research 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.