Franklin Resources Inc. Sells 538,936 Shares of Zeta Global Holdings Corp. $ZETA

Franklin Resources Inc. reduced its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 79.5% in the second quarter, HoldingsChannel.com reports. The fund owned 139,216 shares of the company’s stock after selling 538,936 shares during the quarter. Franklin Resources Inc.’s holdings in Zeta Global were worth $2,156,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZETA. Legal & General Group Plc grew its stake in Zeta Global by 4.9% during the second quarter. Legal & General Group Plc now owns 204,365 shares of the company’s stock worth $3,166,000 after purchasing an additional 9,623 shares during the period. Neo Ivy Capital Management bought a new position in shares of Zeta Global during the 2nd quarter worth approximately $1,824,000. Magnetar Financial LLC acquired a new stake in shares of Zeta Global during the 2nd quarter worth approximately $4,472,000. Traub Capital Management LLC bought a new stake in shares of Zeta Global in the 2nd quarter valued at $50,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Zeta Global by 15.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 17,685 shares of the company’s stock valued at $274,000 after acquiring an additional 2,362 shares during the period. 87.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZETA has been the subject of a number of research reports. William Blair restated an “outperform” rating on shares of Zeta Global in a report on Monday, November 24th. The Goldman Sachs Group restated a “neutral” rating and issued a $23.00 target price on shares of Zeta Global in a research note on Thursday, November 6th. B. Riley upped their price target on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Canaccord Genuity Group raised their price objective on Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Finally, Needham & Company LLC restated a “buy” rating on shares of Zeta Global in a report on Tuesday, November 25th. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Zeta Global presently has a consensus rating of “Moderate Buy” and an average price target of $27.25.

Zeta Global Price Performance

ZETA stock opened at $18.42 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.01 and a current ratio of 3.01. The business has a 50-day simple moving average of $18.70 and a two-hundred day simple moving average of $17.21. The company has a market capitalization of $4.43 billion, a P/E ratio of -153.47 and a beta of 1.27. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week high of $27.79.

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.