Norges Bank Acquires New Stake in Zeta Global Holdings Corp. $ZETA

Norges Bank acquired a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,308,342 shares of the company’s stock, valued at approximately $46,975,000.

A number of other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its stake in shares of Zeta Global by 3,150.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock worth $26,000 after acquiring an additional 1,260 shares during the period. Binnacle Investments Inc acquired a new position in shares of Zeta Global during the third quarter worth about $30,000. United Community Bank acquired a new position in shares of Zeta Global during the fourth quarter worth about $31,000. National Bank of Canada FI raised its holdings in Zeta Global by 223.1% during the third quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock worth $36,000 after purchasing an additional 1,267 shares in the last quarter. Finally, Optiver Holding B.V. raised its holdings in Zeta Global by 97.1% during the third quarter. Optiver Holding B.V. now owns 2,940 shares of the company’s stock worth $58,000 after purchasing an additional 1,448 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ZETA shares. B. Riley Financial reaffirmed a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. Bank of America initiated coverage on Zeta Global in a research note on Tuesday, May 19th. They set a “buy” rating and a $24.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a research note on Monday, April 20th. Wall Street Zen lowered Zeta Global from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Royal Bank Of Canada increased their price objective on Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.83.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $22.05 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The business’s fifty day moving average price is $17.92 and its two-hundred day moving average price is $18.39. The stock has a market cap of $5.50 billion, a PE ratio of -200.46, a price-to-earnings-growth ratio of 3.43 and a beta of 1.34. Zeta Global Holdings Corp. has a one year low of $12.10 and a one year high of $25.95.

Zeta Global Profile

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.