MMA Asset Management LLC Sells 51,735 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

MMA Asset Management LLC cut its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 50.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,735 shares of the company’s stock after selling 51,735 shares during the period. MMA Asset Management LLC’s holdings in Zeta Global were worth $931,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in Zeta Global by 246.9% during the fourth quarter. US Bancorp DE now owns 35,209 shares of the company’s stock valued at $633,000 after acquiring an additional 25,059 shares during the period. Verus Capital Partners LLC bought a new position in Zeta Global during the fourth quarter valued at about $855,000. Versor Investments LP increased its stake in Zeta Global by 131.6% during the fourth quarter. Versor Investments LP now owns 31,500 shares of the company’s stock valued at $567,000 after acquiring an additional 17,900 shares during the period. Proficio Capital Partners LLC bought a new position in Zeta Global during the fourth quarter valued at about $192,000. Finally, Illinois Municipal Retirement Fund bought a new position in Zeta Global during the fourth quarter valued at about $456,000. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Stock Up 3.5 %

NYSE:ZETA opened at $17.24 on Friday. The stock’s fifty day moving average price is $19.33 and its two-hundred day moving average price is $23.73. Zeta Global Holdings Corp. has a 52-week low of $9.97 and a 52-week high of $38.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The company has a market cap of $4.09 billion, a price-to-earnings ratio of -24.62, a P/E/G ratio of 1.65 and a beta of 1.17.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barclays lowered their price objective on Zeta Global from $32.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday. Oppenheimer upped their price objective on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price objective on shares of Zeta Global in a research note on Wednesday. KeyCorp lowered Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Finally, Truist Financial reiterated a “buy” rating and issued a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zeta Global has a consensus rating of “Moderate Buy” and a consensus target price of $37.07.

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.