Prospect Capital Advisors LLC Purchases Shares of 100,000 Zeta Global Holdings Corp. (NYSE:ZETA)

Prospect Capital Advisors LLC purchased a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $1,799,000. Zeta Global accounts for about 1.0% of Prospect Capital Advisors LLC’s investment portfolio, making the stock its 25th largest position.

A number of other hedge funds have also recently bought and sold shares of ZETA. Barclays PLC boosted its holdings in Zeta Global by 36.4% in the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after purchasing an additional 112,238 shares during the period. Franklin Resources Inc. raised its stake in shares of Zeta Global by 86.0% in the 3rd quarter. Franklin Resources Inc. now owns 128,269 shares of the company’s stock valued at $3,984,000 after buying an additional 59,311 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Zeta Global by 53.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 43,477 shares of the company’s stock valued at $782,000 after buying an additional 15,068 shares in the last quarter. Janney Capital Management LLC acquired a new position in shares of Zeta Global in the 4th quarter valued at $355,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Zeta Global by 273.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 77,745 shares of the company’s stock valued at $1,399,000 after buying an additional 56,910 shares in the last quarter. 87.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of Zeta Global from $27.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Royal Bank of Canada dropped their target price on shares of Zeta Global from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Barclays dropped their target price on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. DA Davidson dropped their target price on shares of Zeta Global from $42.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, B. Riley dropped their target price on shares of Zeta Global from $44.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Zeta Global has an average rating of “Moderate Buy” and a consensus target price of $30.36.

Zeta Global Stock Down 2.6%

Shares of NYSE ZETA opened at $14.52 on Thursday. The firm has a market capitalization of $3.45 billion, a PE ratio of -20.74, 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. Zeta Global Holdings Corp. has a 1 year low of $10.69 and a 1 year high of $38.20. The firm’s 50-day moving average is $13.28 and its 200-day moving average is $18.46.

About Zeta Global

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.