Guggenheim Capital LLC Makes New $197,000 Investment in Zeta Global Holdings Corp. (NYSE:ZETA)

Guggenheim Capital LLC bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the fourth quarter, HoldingsChannel reports. The fund bought 10,953 shares of the company’s stock, valued at approximately $197,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Investment Advisors Inc. grew its stake in shares of Zeta Global by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company’s stock worth $336,000 after purchasing an additional 592 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of Zeta Global by 4.7% in the fourth quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company’s stock worth $254,000 after purchasing an additional 636 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Zeta Global by 1.6% in the fourth quarter. D.A. Davidson & CO. now owns 64,223 shares of the company’s stock worth $1,155,000 after purchasing an additional 987 shares during the last quarter. First Bank & Trust grew its stake in shares of Zeta Global by 10.6% in the fourth quarter. First Bank & Trust now owns 11,276 shares of the company’s stock worth $203,000 after purchasing an additional 1,083 shares during the last quarter. Finally, Xponance Inc. grew its stake in shares of Zeta Global by 10.9% in the fourth quarter. Xponance Inc. now owns 13,897 shares of the company’s stock worth $250,000 after purchasing an additional 1,365 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ZETA. William Blair reissued an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 26th. The Goldman Sachs Group dropped their target price on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Barclays dropped their target price on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Truist Financial dropped their target price on shares of Zeta Global from $42.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Four research 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 company. According to MarketBeat, Zeta Global currently has a consensus rating of “Moderate Buy” and an average target price of $32.57.

Zeta Global Stock Up 2.0 %

Shares of NYSE:ZETA opened at $13.40 on Tuesday. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of -19.14, a PEG ratio of 1.65 and a beta of 1.29. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a 12-month low of $10.69 and a 12-month high of $38.20. The business’s 50 day moving average is $14.39 and its 200 day moving average is $19.56.

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.