M&T Bank Corp Purchases 2,215,985 Shares of Zeta Global Holdings Corp. $ZETA

M&T Bank Corp boosted its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 12,545.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,233,649 shares of the company’s stock after acquiring an additional 2,215,985 shares during the period. M&T Bank Corp’s holdings in Zeta Global were worth $45,455,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in shares of Zeta Global by 34.2% in the 1st 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Zeta Global by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,371 shares of the company’s stock valued at $1,442,000 after acquiring an additional 4,631 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Zeta Global in the 1st quarter valued at about $205,000. Woodline Partners LP bought a new position in shares of Zeta Global in the 1st quarter valued at about $222,000. Finally, Strs Ohio bought a new position in shares of Zeta Global in the 1st quarter valued at about $117,000. Institutional investors own 87.75% of the company’s stock.

Zeta Global Trading Up 1.7%

Zeta Global stock opened at $18.12 on Thursday. Zeta Global Holdings Corp. has a 52 week low of $12.00 and a 52 week high of $24.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market capitalization of $4.42 billion, a P/E ratio of -120.79, a PEG ratio of 1.84 and a beta of 1.28. The stock has a 50-day simple moving average of $16.79 and a 200 day simple moving average of $18.34.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. The firm had revenue of $394.64 million during the quarter, compared to the consensus estimate of $378.09 million. Zeta Global had a negative net margin of 2.42% and a positive return on equity of 1.35%. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share. Analysts expect that Zeta Global Holdings Corp. will post 0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ZETA shares. Morgan Stanley raised their price objective on Zeta Global from $23.00 to $27.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. DA Davidson raised their price objective on Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, February 26th. The Goldman Sachs Group raised their price objective on Zeta Global from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a report on Monday. Finally, Wall Street Zen upgraded Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

About Zeta Global

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.