Tower Bridge Advisors Sells 1,400 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Tower Bridge Advisors reduced its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 10.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,600 shares of the company’s stock after selling 1,400 shares during the period. Tower Bridge Advisors’ holdings in Zeta Global were worth $227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 293,583 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Zeta Global by 31.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock worth $51,980,000 after buying an additional 413,577 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in Zeta Global by 163.1% in the fourth quarter. Hodges Capital Management Inc. now owns 433,473 shares of the company’s stock worth $7,798,000 after buying an additional 268,710 shares in the last quarter. Empowered Funds LLC bought a new position in Zeta Global during the third quarter valued at approximately $5,644,000. Finally, Qsemble Capital Management LP purchased a new position in shares of Zeta Global during the third quarter worth approximately $1,752,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ZETA. B. Riley reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Zeta Global in a research note on Wednesday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $28.00 price objective on shares of Zeta Global in a research note on Wednesday. KeyCorp downgraded Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Morgan Stanley increased their target price on Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Truist Financial reaffirmed a “buy” rating and issued a $42.00 price target (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $37.07.

Zeta Global Stock Up 3.5 %

Shares of Zeta Global stock opened at $17.24 on Friday. The company’s fifty day simple moving average is $19.33 and its two-hundred day simple moving average is $23.73. Zeta Global Holdings Corp. has a 12-month low of $9.97 and a 12-month high of $38.20. 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 has a market cap of $4.09 billion, a P/E ratio of -24.62, a PEG ratio of 1.65 and a beta of 1.17.

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.