Jeanine Silberblatt Sells 7,500 Shares of Zeta Global (NYSE:ZETA) Stock

Zeta Global Holdings Corp. (NYSE:ZETA) Director Jeanine Silberblatt sold 7,500 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $19.89, for a total value of $149,175.00. Following the completion of the sale, the director directly owned 50,350 shares of the company’s stock, valued at approximately $1,001,461.50. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Zeta Global Price Performance

Zeta Global stock traded up $0.12 during midday trading on Friday, reaching $20.18. The company’s stock had a trading volume of 9,613,551 shares, compared to its average volume of 8,824,974. 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’s 50 day simple moving average is $18.36 and its 200 day simple moving average is $18.50. The firm has a market capitalization of $5.03 billion, a PE ratio of -183.46, a P/E/G ratio of 3.10 and a beta of 1.34.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently made changes to their positions in ZETA. Disciplined Growth Investors Inc. MN purchased a new stake in shares of Zeta Global in the third quarter valued at $121,502,000. Contour Asset Management LLC increased its stake in shares of Zeta Global by 26.3% during the 4th quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock valued at $227,159,000 after acquiring an additional 2,327,907 shares during the last quarter. Norges Bank acquired a new position in shares of Zeta Global during the 4th quarter valued at about $46,975,000. M&T Bank Corp increased its stake in shares of Zeta Global by 12,545.2% during the 4th quarter. M&T Bank Corp now owns 2,233,649 shares of the company’s stock valued at $45,455,000 after acquiring an additional 2,215,985 shares during the last quarter. Finally, Annex Advisory Services LLC acquired a new position in shares of Zeta Global during the 4th quarter valued at about $42,136,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ZETA. Bank of America began coverage on Zeta Global in a research note on Tuesday, May 19th. They set a “buy” rating and a $24.00 price target for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research note on Monday, April 20th. KeyCorp raised Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price target for the company in a research note on Tuesday, April 28th. Wall Street Zen downgraded Zeta Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, DA Davidson lifted their price target on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Zeta Global has an average rating of “Moderate Buy” and an average 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.