Bank of New York Mellon Corp Decreases Stake in Zeta Global Holdings Corp. $ZETA

Bank of New York Mellon Corp trimmed its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 25.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 808,986 shares of the company's stock after selling 270,011 shares during the period. Bank of New York Mellon Corp owned about 0.34% of Zeta Global worth $12,531,000 at the end of the most recent reporting period.

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Other large investors also recently made changes to their positions in the company. Quarry LP grew its position in Zeta Global by 963.9% in the first quarter. Quarry LP now owns 2,181 shares of the company's stock valued at $30,000 after acquiring an additional 1,976 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Zeta Global during the 1st quarter worth $32,000. CWM LLC lifted its holdings in Zeta Global by 44.5% in the 1st quarter. CWM LLC now owns 4,106 shares of the company's stock worth $56,000 after buying an additional 1,264 shares in the last quarter. AlphaQuest LLC boosted its position in Zeta Global by 261.1% in the 1st quarter. AlphaQuest LLC now owns 4,463 shares of the company's stock valued at $61,000 after buying an additional 3,227 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Zeta Global by 34.2% during the first quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company's stock valued at $62,000 after acquiring an additional 1,168 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

Analyst Upgrades and Downgrades

ZETA has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Zeta Global from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Zacks Research raised shares of Zeta Global from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 27th. DA Davidson reaffirmed a "buy" rating and set a $27.00 price target on shares of Zeta Global in a research report on Wednesday, November 5th. Needham & Company LLC restated a "buy" rating and set a $25.00 price objective on shares of Zeta Global in a research note on Wednesday, November 5th. Finally, Truist Financial increased their target price on Zeta Global from $34.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, October 9th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $26.20.

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Read Our Latest Analysis on Zeta Global

Zeta Global Stock Performance

ZETA stock opened at $17.36 on Wednesday. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of -144.62 and a beta of 1.27. The firm has a 50 day moving average of $19.37 and a two-hundred day moving average of $16.94. Zeta Global Holdings Corp. has a 12 month low of $10.69 and a 12 month high of $27.79.

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.

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