CastleKnight Management LP Reduces Position in Zeta Global Holdings Corp. $ZETA

CastleKnight Management LP cut its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 26.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 281,100 shares of the company’s stock after selling 100,000 shares during the quarter. CastleKnight Management LP owned approximately 0.12% of Zeta Global worth $5,720,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its holdings in shares of 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 buying an additional 1,260 shares in the last quarter. DV Equities LLC purchased a new stake in shares of Zeta Global in the fourth quarter worth about $29,000. United Community Bank purchased a new stake in shares of Zeta Global in the fourth quarter worth about $31,000. Binnacle Investments Inc purchased a new stake in shares of Zeta Global in the third quarter worth about $30,000. Finally, National Bank of Canada FI lifted its holdings in shares of Zeta Global by 223.1% in the third quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock worth $36,000 after buying an additional 1,267 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $19.89, for a total transaction of $149,175.00. Following the transaction, the director directly owned 50,350 shares in the company, valued at $1,001,461.50. This trade represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.74% of the stock is owned by insiders.

Zeta Global Stock Down 6.0%

ZETA stock opened at $18.54 on Thursday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average is $18.66 and its 200 day moving average is $18.54. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of -168.56, a price-to-earnings-growth ratio of 3.07 and a beta of 1.34. Zeta Global Holdings Corp. has a 1-year low of $12.39 and a 1-year high of $25.95.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ZETA. KeyCorp raised shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a report on Tuesday, April 28th. B. Riley Financial restated a “buy” rating on shares of Zeta Global in a research report on Friday, May 1st. DA Davidson upped their price objective on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a research report on Monday, April 20th. Finally, Wall Street Zen cut shares of Zeta Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Zeta Global has a consensus rating of “Moderate Buy” and an average price target of $27.83.

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.