Zeta Global Holdings Corp. (NYSE:ZETA) Stake Boosted by Franklin Resources Inc.

Franklin Resources Inc. increased its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 586.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 880,966 shares of the company’s stock after purchasing an additional 752,697 shares during the period. Franklin Resources Inc. owned 0.37% of Zeta Global worth $15,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its stake in Zeta Global by 13.4% during the 4th quarter. Alliancebernstein L.P. now owns 220,650 shares of the company’s stock valued at $3,969,000 after purchasing an additional 26,135 shares during the period. Wellington Management Group LLP acquired a new position in shares of Zeta Global during the fourth quarter worth approximately $6,614,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Zeta Global by 119.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company’s stock worth $74,285,000 after buying an additional 2,244,953 shares during the period. Pictet Asset Management Holding SA increased its position in Zeta Global by 30.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 28,064 shares of the company’s stock valued at $505,000 after acquiring an additional 6,569 shares during the period. Finally, Norges Bank bought a new stake in Zeta Global during the 4th quarter valued at $43,236,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $44.00 price target on shares of Zeta Global in a research note on Wednesday, February 26th. The Goldman Sachs Group decreased their target price on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Canaccord Genuity Group restated a “buy” rating and set a $28.00 price target on shares of Zeta Global in a research report on Wednesday, February 26th. Royal Bank of Canada decreased their price objective 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. Finally, Morgan Stanley boosted 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 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.86.

Zeta Global Trading Down 1.7 %

Shares of NYSE ZETA opened at $11.90 on Tuesday. The business has a fifty day simple moving average of $17.35 and a 200-day simple moving average of $21.68. The company has a market cap of $2.83 billion, a price-to-earnings ratio of -16.99, a P/E/G ratio of 1.65 and a beta of 1.29. Zeta Global Holdings Corp. has a 12 month low of $10.93 and a 12 month high of $38.20. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Zeta Global 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.