Clearbridge Investments LLC Has $45.75 Million Position in Zeta Global Holdings Corp. $ZETA

Clearbridge Investments LLC raised its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,248,191 shares of the company’s stock after purchasing an additional 170,784 shares during the quarter. Clearbridge Investments LLC owned 0.93% of Zeta Global worth $45,751,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC increased its stake in Zeta Global by 3,150.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock valued at $26,000 after purchasing an additional 1,260 shares in the last quarter. United Community Bank bought a new stake in Zeta Global during the 4th quarter valued at $31,000. Binnacle Investments Inc bought a new stake in Zeta Global during the 3rd quarter valued at $30,000. National Bank of Canada FI increased its stake in Zeta Global by 223.1% during the 3rd quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock valued at $36,000 after purchasing an additional 1,267 shares in the last quarter. Finally, Optiver Holding B.V. increased its stake in Zeta Global by 97.1% during the 3rd quarter. Optiver Holding B.V. now owns 2,940 shares of the company’s stock valued at $58,000 after purchasing an additional 1,448 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.

Zeta Global Stock Performance

NYSE ZETA opened at $21.13 on Wednesday. Zeta Global Holdings Corp. has a 1 year low of $12.10 and a 1 year high of $25.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of -192.10, a PEG ratio of 3.39 and a beta of 1.34. The company has a fifty day moving average price of $18.17 and a 200-day moving average price of $18.45.

Wall Street Analyst Weigh In

A number of brokerages have commented on ZETA. Royal Bank Of Canada boosted their price target on shares of Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. DA Davidson boosted their price target on shares of Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a research note on Monday, April 20th. KeyCorp upgraded shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price target for the company in a research note on Tuesday, April 28th. Finally, Wall Street Zen lowered shares of Zeta Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.83.

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.