Clearbridge Investments LLC Sells 897,346 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Clearbridge Investments LLC lessened its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 29.8% during the fourth quarter, Holdings Channel reports. The firm owned 2,111,522 shares of the company’s stock after selling 897,346 shares during the period. Clearbridge Investments LLC’s holdings in Zeta Global were worth $37,986,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Citigroup Inc. lifted its stake in Zeta Global by 139.5% during the 3rd quarter. Citigroup Inc. now owns 151,439 shares of the company’s stock valued at $4,517,000 after acquiring an additional 88,205 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Zeta Global by 14.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 125,057 shares of the company’s stock worth $3,730,000 after acquiring an additional 15,342 shares in the last quarter. FMR LLC raised its holdings in shares of Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after purchasing an additional 3,557,119 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of Zeta Global by 7.4% during the third quarter. MetLife Investment Management LLC now owns 102,313 shares of the company’s stock valued at $3,052,000 after purchasing an additional 7,083 shares in the last quarter. Finally, Hilltop Holdings Inc. purchased a new position in Zeta Global during the third quarter worth about $571,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Analyst Upgrades and Downgrades

ZETA has been the subject of several analyst reports. Barclays decreased their price objective on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Morgan Stanley increased their price target on Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a research 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 on the stock in a research report on Friday, January 3rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $28.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group cut their price target 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. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.86.

Zeta Global Stock Up 3.5 %

ZETA opened at $14.04 on Wednesday. The business’s fifty day simple moving average is $17.81 and its 200 day simple moving average is $22.10. Zeta Global Holdings Corp. has a 52 week low of $10.30 and a 52 week high of $38.20. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.34 billion, a PE ratio of -20.05, a P/E/G ratio of 1.65 and a beta of 1.18.

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.