Versor Investments LP Buys 17,900 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Versor Investments LP grew its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 131.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,500 shares of the company’s stock after buying an additional 17,900 shares during the period. Versor Investments LP’s holdings in Zeta Global were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ZETA. Creative Planning purchased a new stake in shares of Zeta Global in the third quarter worth $696,000. Raymond James & Associates increased its stake in Zeta Global by 35.5% in the 3rd quarter. Raymond James & Associates now owns 107,406 shares of the company’s stock worth $3,204,000 after buying an additional 28,117 shares in the last quarter. US Bancorp DE increased its stake in Zeta Global by 25.3% in the 3rd quarter. US Bancorp DE now owns 10,150 shares of the company’s stock worth $303,000 after buying an additional 2,047 shares in the last quarter. Stephens Investment Management Group LLC bought a new stake in Zeta Global during the third quarter valued at about $7,676,000. Finally, Stephens Inc. AR purchased a new position in shares of Zeta Global in the third quarter valued at about $1,634,000. Institutional investors own 87.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Canaccord Genuity Group restated a “buy” rating and issued a $28.00 price target on shares of Zeta Global in a research note on Wednesday. The Goldman Sachs Group started coverage on shares of Zeta Global in a research note on Wednesday, December 11th. They set a “neutral” rating and a $30.00 target price for the company. Morgan Stanley lifted their price target on shares of Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $43.00 price objective on shares of Zeta Global in a report on Wednesday. Finally, Truist Financial reaffirmed a “buy” rating and issued a $42.00 target price (up from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.07.

Zeta Global Trading Up 3.5 %

ZETA stock opened at $17.24 on Friday. Zeta Global Holdings Corp. has a 12-month low of $9.97 and a 12-month high of $38.20. The business’s 50-day moving average is $19.33 and its 200 day moving average is $23.73. 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 cap of $4.09 billion, a price-to-earnings ratio of -24.62, a PEG ratio of 1.65 and a beta of 1.17.

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.