13,000 Shares in Zeta Global Holdings Corp. (NYSE:ZETA) Bought by IvyRock Asset Management HK Ltd

IvyRock Asset Management HK Ltd bought a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) during the fourth quarter, HoldingsChannel.com reports. The firm bought 13,000 shares of the company’s stock, valued at approximately $234,000. Zeta Global comprises about 0.1% of IvyRock Asset Management HK Ltd’s investment portfolio, making the stock its 18th largest position.

Several other institutional investors have also recently bought and sold shares of the business. Advantage Alpha Capital Partners LP lifted its stake in shares of Zeta Global by 72.9% in the 4th quarter. Advantage Alpha Capital Partners LP now owns 362,245 shares of the company’s stock valued at $6,517,000 after acquiring an additional 152,767 shares during the last quarter. Summit Creek Advisors LLC raised its holdings in Zeta Global by 0.3% in the 4th quarter. Summit Creek Advisors LLC now owns 784,226 shares of the company’s stock valued at $14,108,000 after buying an additional 2,627 shares during the last quarter. Vanguard Group Inc. grew its holdings in Zeta Global by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company’s stock worth $398,975,000 after acquiring an additional 489,499 shares during the last quarter. LPL Financial LLC increased its position in Zeta Global by 100.9% in the 4th quarter. LPL Financial LLC now owns 148,097 shares of the company’s stock valued at $2,664,000 after acquiring an additional 74,396 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in Zeta Global in the 4th quarter worth approximately $1,028,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Wall Street Analyst Weigh In

ZETA has been the topic of a number of recent research reports. Royal Bank of Canada reduced their price objective on Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. The Goldman Sachs Group reduced their price objective on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Barclays reduced their price target on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Finally, Morgan Stanley upped their target price on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.86.

Zeta Global Price Performance

Shares of ZETA opened at $15.71 on Tuesday. Zeta Global Holdings Corp. has a twelve month low of $10.30 and a twelve month high of $38.20. The company has a market capitalization of $3.73 billion, a P/E ratio of -22.44, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The firm has a 50 day moving average of $18.28 and a 200 day moving average of $22.59. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

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.