Nebula Research & Development LLC Buys Shares of 72,807 Zeta Global Holdings Corp. (NYSE:ZETA)

Nebula Research & Development LLC purchased a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 72,807 shares of the company’s stock, valued at approximately $1,310,000.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company’s stock valued at $398,975,000 after purchasing an additional 489,499 shares during the period. Lord Abbett & CO. LLC boosted its position in shares of Zeta Global by 85.0% in the third 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 during the period. Renaissance Technologies LLC grew its stake in shares of Zeta Global by 98.8% in the fourth quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock worth $84,909,000 after acquiring an additional 2,345,562 shares during the last quarter. Geode Capital Management LLC grew its position in Zeta Global by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company’s stock worth $82,470,000 after purchasing an additional 306,592 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Zeta Global by 119.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,129,255 shares of the company’s stock worth $74,285,000 after purchasing an additional 2,244,953 shares during the period. 87.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. The Goldman Sachs Group cut their price target on Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Needham & Company LLC reissued a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a research note on Wednesday, February 26th. Royal Bank of Canada cut their price target on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Morgan Stanley lowered their price objective on Zeta Global from $25.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Finally, Barclays cut their target price on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, February 27th. Four investment 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. According to data from MarketBeat, Zeta Global currently has an average rating of “Moderate Buy” and a consensus price target of $33.29.

Zeta Global Price Performance

ZETA opened at $13.14 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The company’s 50 day simple moving average is $14.58 and its 200-day simple moving average is $19.77. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $38.20. The stock has a market capitalization of $3.12 billion, a P/E ratio of -18.77, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29.

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.