Virtus Fund Advisers LLC Reduces Stock Holdings in Zeta Global Holdings Corp. (NYSE:ZETA)

Virtus Fund Advisers LLC cut its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 67.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,959 shares of the company’s stock after selling 4,045 shares during the period. Virtus Fund Advisers LLC’s holdings in Zeta Global were worth $35,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Optiver Holding B.V. boosted its stake in shares of Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after purchasing an additional 532 shares during the last quarter. Rakuten Securities Inc. purchased a new stake in Zeta Global during the fourth quarter valued at about $27,000. Coppell Advisory Solutions LLC increased its position in Zeta Global by 244.1% during 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 in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Zeta Global in the 4th quarter valued at $33,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Zeta Global during the fourth quarter worth about $33,000. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Trading Down 0.0%

Shares of NYSE:ZETA opened at $13.93 on Monday. Zeta Global Holdings Corp. has a 1 year low of $10.69 and a 1 year high of $38.20. The firm has a fifty day moving average price of $13.27 and a 200 day moving average price of $18.13. 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 stock has a market capitalization of $3.28 billion, a PE ratio of -19.91, a P/E/G ratio of 1.65 and a beta of 1.29.

Wall Street Analyst Weigh In

A number of brokerages have commented on ZETA. B. Riley cut their price objective on shares of Zeta Global from $44.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Barclays dropped their price objective on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. Needham & Company LLC cut their price objective on shares of Zeta Global from $43.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Truist Financial cut their target price on Zeta Global from $42.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Finally, Morgan Stanley decreased their price target on Zeta Global from $25.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.36.

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.