Arrowstreet Capital Limited Partnership Purchases 2,244,953 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Arrowstreet Capital Limited Partnership lifted its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 119.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,129,255 shares of the company’s stock after acquiring an additional 2,244,953 shares during the quarter. Arrowstreet Capital Limited Partnership owned 1.74% of Zeta Global worth $74,285,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Zeta Global by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock worth $37,015,000 after buying an additional 293,583 shares during the period. Hodges Capital Management Inc. lifted its position in Zeta Global by 163.1% during the fourth quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock valued at $7,798,000 after acquiring an additional 268,710 shares during the last quarter. Barclays PLC boosted its stake in Zeta Global by 36.4% in the third quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after acquiring an additional 112,238 shares in the last quarter. Nordea Investment Management AB purchased a new position in Zeta Global in the fourth quarter worth $2,444,000. Finally, State Street Corp increased its position in shares of Zeta Global by 12.2% during the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after purchasing an additional 455,944 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on ZETA shares. Morgan Stanley upped their target price on Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Barclays dropped their target price 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. Royal Bank of Canada decreased their price target on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. William Blair reissued an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.86.

Zeta Global Stock Performance

Shares of NYSE ZETA opened at $13.58 on Tuesday. The company has a market capitalization of $3.23 billion, a PE ratio of -19.40, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The company’s fifty day moving average price is $17.90 and its 200 day moving average price is $22.19. Zeta Global Holdings Corp. has a 1 year low of $10.30 and a 1 year high of $38.20.

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.