Essex Investment Management Co. LLC Sells 35,614 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Essex Investment Management Co. LLC reduced its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 22.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 120,236 shares of the company’s stock after selling 35,614 shares during the period. Essex Investment Management Co. LLC’s holdings in Zeta Global were worth $1,630,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company’s stock worth $398,975,000 after purchasing an additional 489,499 shares in the last quarter. Renaissance Technologies LLC grew its stake in Zeta Global by 98.8% in the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock valued at $84,909,000 after buying an additional 2,345,562 shares in the last quarter. Geode Capital Management LLC raised its holdings in Zeta Global by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company’s stock valued at $82,470,000 after acquiring an additional 306,592 shares during the period. Arrowstreet Capital Limited Partnership lifted 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 acquiring an additional 2,244,953 shares in the last quarter. Finally, Yong Rong HK Asset Management Ltd bought a new position in shares of Zeta Global in the first quarter worth $38,748,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on ZETA. B. Riley decreased their price objective on Zeta Global from $44.00 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Royal Bank Of Canada decreased their price target on Zeta Global from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Needham & Company LLC cut 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 report on Friday, May 2nd. The Goldman Sachs Group decreased their target price on shares of Zeta Global from $27.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Finally, DA Davidson lowered their target price on shares of Zeta Global from $42.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Zeta Global has an average rating of “Moderate Buy” and a consensus target price of $30.36.

Zeta Global Price Performance

ZETA opened at $15.53 on Wednesday. The stock has a market capitalization of $3.66 billion, a P/E ratio of -53.55, a PEG ratio of 42.77 and a beta of 1.29. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.29. Zeta Global Holdings Corp. has a 12-month low of $10.69 and a 12-month high of $38.20. The stock has a 50-day moving average price of $14.35 and a 200-day moving average price of $15.35.

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.