Battery Management Corp. Takes $15.95 Million Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Battery Management Corp. bought a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) in the fourth quarter, HoldingsChannel reports. The firm bought 886,842 shares of the company’s stock, valued at approximately $15,954,000. Zeta Global accounts for 2.0% of Battery Management Corp.’s investment portfolio, making the stock its 6th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZETA. US Bancorp DE lifted its stake in shares of Zeta Global by 25.3% in the 3rd quarter. US Bancorp DE now owns 10,150 shares of the company’s stock valued at $303,000 after purchasing an additional 2,047 shares during the period. Farther Finance Advisors LLC increased its position in Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after buying an additional 1,360 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in Zeta Global by 15.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 24,946 shares of the company’s stock valued at $744,000 after buying an additional 3,350 shares in the last quarter. Principal Financial Group Inc. increased its position in Zeta Global by 512.3% during the 3rd quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock valued at $4,059,000 after buying an additional 113,838 shares in the last quarter. Finally, Atria Investments Inc bought a new position in Zeta Global during the 3rd quarter valued at approximately $358,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on ZETA shares. Truist Financial reaffirmed 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. The Goldman Sachs Group reduced their price objective on Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday. Royal Bank of Canada reduced their price objective on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Canaccord Genuity Group reissued a “buy” rating and issued a $28.00 target price on shares of Zeta Global in a report on Wednesday, February 26th. Finally, Morgan Stanley boosted their price target on Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Zeta Global presently has an average rating of “Moderate Buy” and a consensus target price of $36.86.

Zeta Global Stock Up 1.6 %

Zeta Global stock opened at $17.14 on Thursday. The stock has a market cap of $4.07 billion, a PE ratio of -24.48, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. Zeta Global Holdings Corp. has a one year low of $9.99 and a one year high of $38.20. The stock has a fifty day moving average of $19.22 and a 200 day moving average of $23.58.

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.