Trek Financial LLC Sells 82,483 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Trek Financial LLC decreased its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 82.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,985 shares of the company’s stock after selling 82,483 shares during the quarter. Trek Financial LLC’s holdings in Zeta Global were worth $324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZETA. HighTower Advisors LLC grew its stake in shares of Zeta Global by 4.2% in the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock valued at $668,000 after buying an additional 892 shares in the last quarter. State Street Corp lifted its stake in Zeta Global by 12.2% in the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after acquiring an additional 455,944 shares during the last quarter. National Bank of Canada FI bought a new position in shares of Zeta Global in the 3rd quarter valued at about $734,000. Barclays PLC increased its stake in shares of Zeta Global by 36.4% during the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock worth $12,544,000 after purchasing an additional 112,238 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Zeta Global by 18.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after purchasing an additional 674,192 shares during the period. Institutional investors own 87.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price target on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Royal Bank of Canada cut their price objective on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. The Goldman Sachs Group decreased their target price on 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 price target on 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. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $28.00 price objective on shares of Zeta Global in a report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.86.

Zeta Global Stock Performance

NYSE ZETA opened at $11.90 on Tuesday. The firm has a 50-day moving average price of $17.35 and a two-hundred day moving average price of $21.68. Zeta Global Holdings Corp. has a 12-month low of $10.93 and a 12-month high of $38.20. The company has a market capitalization of $2.83 billion, a P/E ratio of -16.99, a P/E/G 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.

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.