Mandatum Life Insurance Co Ltd Buys Shares of 88,000 Zeta Global Holdings Corp. $ZETA

Mandatum Life Insurance Co Ltd acquired a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 88,000 shares of the company’s stock, valued at approximately $1,401,000.

Other institutional investors also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its position in shares of Zeta Global by 3,150.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,260 shares during the period. DV Equities LLC bought a new stake in Zeta Global in the 4th quarter valued at $29,000. Binnacle Investments Inc bought a new position in Zeta Global in the 3rd quarter valued at about $30,000. United Community Bank acquired a new stake in shares of Zeta Global during the fourth quarter worth $31,000. Finally, National Bank of Canada FI boosted its holdings in Zeta Global by 223.1% in the 3rd quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock valued at $36,000 after purchasing an additional 1,267 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Trading Up 3.1%

NYSE:ZETA opened at $22.54 on Wednesday. The company has a market cap of $5.62 billion, a PE ratio of -204.95, a PEG ratio of 3.23 and a beta of 1.37. Zeta Global Holdings Corp. has a one year low of $14.00 and a one year high of $25.95. The firm has a 50-day moving average of $19.89 and a 200-day moving average of $18.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07.

Insider Buying and Selling

In related news, Director Jeanine Silberblatt sold 7,500 shares of the stock in a transaction on Friday, June 12th. The stock was 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 represents a 12.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 10.74% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on ZETA shares. Royal Bank Of Canada boosted their target price on shares of Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. The Goldman Sachs Group set a $28.00 price objective on shares of Zeta Global and gave the company a “neutral” rating in a report on Wednesday, June 24th. Freedom Capital raised Zeta Global to a “strong-buy” rating in a research report on Monday, June 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a research report on Monday, April 20th. Finally, DA Davidson reaffirmed a “buy” rating and set a $30.00 target price on shares of Zeta Global in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Zeta Global currently has an average rating of “Moderate Buy” and an average target price of $28.33.

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.