BNP Paribas Financial Markets Grows Stake in Zeta Global Holdings Corp. $ZETA

BNP Paribas Financial Markets grew its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 1,821.9% in the fourth quarter, Holdings Channel reports. The firm owned 1,535,271 shares of the company’s stock after purchasing an additional 1,455,387 shares during the period. BNP Paribas Financial Markets’ holdings in Zeta Global were worth $31,243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its position in Zeta Global by 3,150.0% in the fourth 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 in the last quarter. Binnacle Investments Inc bought a new position in shares of Zeta Global during the third quarter valued at about $30,000. United Community Bank bought a new position in shares of Zeta Global during the fourth quarter valued at about $31,000. National Bank of Canada FI raised its stake in shares of Zeta Global by 223.1% during the third quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock valued at $36,000 after acquiring an additional 1,267 shares during the last quarter. Finally, Optiver Holding B.V. raised its stake in shares of Zeta Global by 97.1% during the third quarter. Optiver Holding B.V. now owns 2,940 shares of the company’s stock valued at $58,000 after acquiring an additional 1,448 shares during the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Price Performance

Shares of ZETA opened at $23.24 on Friday. The firm’s 50-day simple moving average is $17.81 and its two-hundred day simple moving average is $18.36. Zeta Global Holdings Corp. has a fifty-two week low of $12.10 and a fifty-two week high of $25.95. 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 stock has a market cap of $5.79 billion, a PE ratio of -211.29, a price-to-earnings-growth ratio of 3.62 and a beta of 1.34.

Analyst Ratings Changes

Several brokerages have recently commented on ZETA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research note on Monday, April 20th. Wall Street Zen downgraded shares of Zeta Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. DA Davidson increased their price target on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Bank of America started coverage on shares of Zeta Global in a research note on Tuesday, May 19th. They issued a “buy” rating and a $24.00 price target for the company. Finally, B. Riley Financial reissued a “buy” rating on shares of Zeta Global in a research note on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.83.

Zeta Global Company 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.