The Manufacturers Life Insurance Company Sells 13,575 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

The Manufacturers Life Insurance Company cut its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 10.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,482 shares of the company’s stock after selling 13,575 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Zeta Global were worth $2,006,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Optiver Holding B.V. increased its holdings in Zeta Global by 60.9% during the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after buying an additional 532 shares during the last quarter. Rakuten Securities Inc. purchased a new stake in shares of Zeta Global during the 4th quarter worth approximately $27,000. Coppell Advisory Solutions LLC raised its holdings in shares of Zeta Global by 244.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company’s stock worth $31,000 after purchasing an additional 1,201 shares during the period. SBI Securities Co. Ltd. purchased a new position in Zeta Global in the fourth quarter valued at approximately $33,000. Finally, Heck Capital Advisors LLC bought a new position in Zeta Global during the fourth quarter valued at $66,000. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Stock Up 0.3 %

ZETA stock opened at $13.35 on Friday. Zeta Global Holdings Corp. has a 1-year low of $10.69 and a 1-year high of $38.20. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of -19.07, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $13.39 and its 200 day moving average is $18.65.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ZETA shares. Barclays dropped their price target on 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. Morgan Stanley dropped their price objective on shares of Zeta Global from $25.00 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. B. Riley lowered their price target on shares of Zeta Global from $44.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Needham & Company LLC reduced their price objective on shares of Zeta Global from $43.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.36.

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.