Norges Bank Takes Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Norges Bank purchased a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,403,314 shares of the company’s stock, valued at approximately $43,236,000. Norges Bank owned approximately 1.01% of Zeta Global at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Lord Abbett & CO. LLC grew its stake in Zeta Global by 85.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after acquiring an additional 2,623,980 shares in the last quarter. Battery Management Corp. acquired a new position in Zeta Global in the 4th quarter valued at approximately $15,954,000. Geode Capital Management LLC lifted its position in Zeta Global by 18.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after buying an additional 674,192 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Zeta Global during the 4th quarter valued at $10,652,000. Finally, Stephens Investment Management Group LLC grew its holdings in shares of Zeta Global by 219.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 822,157 shares of the company’s stock valued at $14,791,000 after acquiring an additional 564,830 shares in the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. The Goldman Sachs Group cut their price objective on Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Morgan Stanley boosted their price target on Zeta Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Royal Bank of Canada cut their price objective on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. William Blair reissued an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, Barclays reduced 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. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zeta Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.86.

Zeta Global Trading Down 7.6 %

Shares of ZETA stock opened at $12.16 on Friday. The firm has a market capitalization of $2.89 billion, a P/E ratio of -17.36, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. Zeta Global Holdings Corp. has a 1 year low of $11.24 and a 1 year high of $38.20. The firm’s fifty day simple moving average is $17.48 and its 200 day simple moving average is $21.88. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

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.