Intech Investment Management LLC Sells 42,897 Shares of Zeta Global Holdings Corp. $ZETA

Intech Investment Management LLC decreased its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 33.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,147 shares of the company’s stock after selling 42,897 shares during the quarter. Intech Investment Management LLC’s holdings in Zeta Global were worth $1,672,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. New York State Common Retirement Fund grew its position in Zeta Global by 235.8% during the 3rd quarter. New York State Common Retirement Fund now owns 684,303 shares of the company’s stock valued at $13,597,000 after purchasing an additional 480,495 shares during the last quarter. Stanley Laman Group Ltd. bought a new position in shares of Zeta Global in the third quarter worth approximately $2,834,000. Stephens Investment Management Group LLC lifted its stake in shares of Zeta Global by 92.8% in the third quarter. Stephens Investment Management Group LLC now owns 1,802,642 shares of the company’s stock worth $35,818,000 after buying an additional 867,540 shares in the last quarter. Perkins Capital Management Inc. purchased a new stake in shares of Zeta Global during the third quarter valued at approximately $1,143,000. Finally, Lisanti Capital Growth LLC increased its position in shares of Zeta Global by 142.8% during the second quarter. Lisanti Capital Growth LLC now owns 149,080 shares of the company’s stock valued at $2,309,000 after acquiring an additional 87,680 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Stock Performance

Shares of NYSE ZETA opened at $18.93 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.24. Zeta Global Holdings Corp. has a 12-month low of $10.69 and a 12-month high of $24.90. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of -126.19, a price-to-earnings-growth ratio of 2.20 and a beta of 1.28. The firm has a 50 day moving average of $19.16 and a 200 day moving average of $19.06.

Insider Activity

In other news, Director Jeanine Silberblatt sold 12,990 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $19.34, for a total value of $251,226.60. Following the completion of the sale, the director directly owned 57,850 shares in the company, valued at $1,118,819. This represents a 18.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 13.02% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ZETA. DA Davidson upped their price objective on Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a report on Monday, November 24th. Bank of America lifted their price objective on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of Zeta Global from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

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.