Norges Bank Takes Position in Zeta Global Holdings Corp. $ZETA

Norges Bank purchased a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,308,342 shares of the company’s stock, valued at approximately $46,975,000. Norges Bank owned 0.96% of Zeta Global as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Zeta Global by 6.1% during the 4th quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock worth $469,094,000 after purchasing an additional 1,325,717 shares during the period. Disciplined Growth Investors Inc. MN purchased a new position in shares of Zeta Global in the 3rd quarter valued at about $121,502,000. Capital World Investors grew its position in shares of Zeta Global by 0.9% during the third quarter. Capital World Investors now owns 4,979,853 shares of the company’s stock worth $98,950,000 after buying an additional 44,903 shares in the last quarter. State Street Corp lifted its stake in Zeta Global by 4.8% in the second quarter. State Street Corp now owns 4,671,750 shares of the company’s stock worth $72,365,000 after acquiring an additional 215,932 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Zeta Global by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 4,532,098 shares of the company’s stock valued at $92,243,000 after purchasing an additional 14,956 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Wall Street Analysts Forecast Growth

ZETA has been the topic of several recent analyst reports. Bank of America started coverage on Zeta Global in a report on Tuesday, May 19th. They issued a “buy” rating and a $24.00 target price on the stock. B. Riley Financial reissued a “buy” rating on shares of Zeta Global in a research report on Friday, May 1st. Wall Street Zen downgraded Zeta Global from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. KeyCorp raised shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a report on Tuesday, April 28th. Finally, Royal Bank Of Canada boosted their price objective on shares of Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.83.

Zeta Global Stock Performance

NYSE ZETA opened at $22.05 on Monday. The firm has a market cap of $5.50 billion, a P/E ratio of -200.46, a P/E/G ratio of 3.43 and a beta of 1.34. Zeta Global Holdings Corp. has a 52-week low of $12.10 and a 52-week high of $25.95. The business’s 50-day moving average price is $17.92 and its 200 day moving average price is $18.39. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22.

Zeta Global Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.