Raymond James Financial Inc. Takes $10.65 Million Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Raymond James Financial Inc. acquired a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 592,100 shares of the company’s stock, valued at approximately $10,652,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ZETA. Principal Financial Group Inc. boosted its stake in Zeta Global by 512.3% during the 3rd quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock worth $4,059,000 after acquiring an additional 113,838 shares during the last quarter. Atria Investments Inc bought a new position in shares of Zeta Global during the third quarter worth $358,000. Victory Capital Management Inc. grew its holdings in shares of Zeta Global by 229.9% in the 3rd quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock valued at $2,048,000 after buying an additional 47,849 shares during the period. Natixis Advisors LLC increased its position in shares of Zeta Global by 15.9% in the 3rd quarter. Natixis Advisors LLC now owns 16,295 shares of the company’s stock valued at $486,000 after buying an additional 2,236 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in Zeta Global during the 3rd quarter worth $266,000. Institutional investors own 87.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ZETA. Royal Bank of Canada decreased their target price on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. William Blair restated an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. Morgan Stanley lifted their price target on shares of Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Finally, B. Riley reissued a “buy” rating and set a $44.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Zeta Global presently has an average rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Stock Up 0.4 %

Zeta Global stock opened at $14.44 on Friday. The company has a fifty day simple moving average of $18.37 and a 200 day simple moving average of $22.79. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a 1-year low of $10.30 and a 1-year high of $38.20. The company has a market cap of $3.43 billion, a P/E ratio of -20.63, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18.

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.