Canada Pension Plan Investment Board Acquires 165,600 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Canada Pension Plan Investment Board lifted its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 1,314.3% in the 4th quarter, Holdings Channel reports. The firm owned 178,200 shares of the company’s stock after buying an additional 165,600 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Zeta Global were worth $3,206,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ZETA. Lord Abbett & CO. LLC lifted its position in shares of Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after buying an additional 2,623,980 shares during the last quarter. Norges Bank bought a new position in shares of Zeta Global in the 4th quarter valued at approximately $43,236,000. Renaissance Technologies LLC lifted its holdings in Zeta Global by 98.8% in the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock worth $84,909,000 after purchasing an additional 2,345,562 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Zeta Global by 119.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company’s stock worth $74,285,000 after purchasing an additional 2,244,953 shares during the period. Finally, Battery Management Corp. acquired a new position in Zeta Global during the fourth quarter valued at approximately $15,954,000. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Trading Up 2.5 %

Shares of ZETA opened at $11.29 on Wednesday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market cap of $2.68 billion, a PE ratio of -16.13, a PEG ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a 1 year low of $10.69 and a 1 year high of $38.20. The stock has a 50 day simple moving average of $15.26 and a 200-day simple moving average of $20.17.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. 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, February 27th. DA Davidson lowered their price target on Zeta Global from $42.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price objective on shares of Zeta Global in a research note on Wednesday, February 26th. Morgan Stanley decreased their target price on Zeta Global from $25.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Finally, William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Zeta Global currently has an average rating of “Moderate Buy” and an average target price of $33.29.

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.