Transcendent Capital Group LLC Invests $87,000 in Zeta Global Holdings Corp. (NYSE:ZETA)

Transcendent Capital Group LLC purchased a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,843 shares of the company’s stock, valued at approximately $87,000.

A number of other hedge funds have also bought and sold shares of ZETA. FMR LLC increased its holdings in shares of Zeta Global by 84,132.4% during the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after purchasing an additional 3,557,119 shares during the period. Lord Abbett & CO. LLC lifted its position in shares of 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 during the period. Summit Partners Public Asset Management LLC increased its position in shares of Zeta Global by 210.4% in the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after purchasing an additional 1,703,679 shares during the period. Geode Capital Management LLC lifted its position in Zeta Global by 18.8% during the third quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after purchasing an additional 674,192 shares during the period. Finally, Stephens Investment Management Group LLC raised its position in shares of Zeta Global by 219.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 822,157 shares of the company’s stock valued at $14,791,000 after buying an additional 564,830 shares in the last quarter. 87.75% of the stock is owned by institutional investors.

Zeta Global Stock Performance

ZETA stock opened at $21.63 on Tuesday. Zeta Global Holdings Corp. has a 1-year low of $9.97 and a 1-year high of $38.20. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $19.45 and a 200-day moving average price of $23.89. The firm has a market cap of $5.13 billion, a PE ratio of -30.89, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ZETA shares. Oppenheimer raised their price target on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. KeyCorp cut shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Craig Hallum increased their price target on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Truist Financial restated a “buy” rating and set a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group assumed coverage on Zeta Global in a research report on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 target price for the company. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Zeta Global currently has an average rating of “Moderate Buy” and a consensus price target of $37.43.

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.