Neo Ivy Capital Management Purchases 62,035 Shares of Zeta Global Holdings Corp. $ZETA

Neo Ivy Capital Management lifted its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 52.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 179,820 shares of the company’s stock after purchasing an additional 62,035 shares during the quarter. Zeta Global accounts for approximately 0.9% of Neo Ivy Capital Management’s investment portfolio, making the stock its 20th largest holding. Neo Ivy Capital Management’s holdings in Zeta Global were worth $3,573,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ZETA. Palouse Capital Management Inc. lifted its position in Zeta Global by 6.1% in the second quarter. Palouse Capital Management Inc. now owns 10,794 shares of the company’s stock worth $167,000 after purchasing an additional 619 shares during the period. Advisors Asset Management Inc. boosted its stake in Zeta Global by 15.3% during the second quarter. Advisors Asset Management Inc. now owns 5,281 shares of the company’s stock worth $82,000 after buying an additional 702 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Zeta Global by 1.2% in the 3rd quarter. D.A. Davidson & CO. now owns 66,462 shares of the company’s stock valued at $1,321,000 after buying an additional 799 shares during the period. Principal Financial Group Inc. raised its stake in shares of Zeta Global by 6.5% in the 3rd quarter. Principal Financial Group Inc. now owns 14,264 shares of the company’s stock valued at $283,000 after buying an additional 874 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Zeta Global by 3.6% in the 3rd quarter. Blue Trust Inc. now owns 25,075 shares of the company’s stock valued at $498,000 after buying an additional 877 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a report on Wednesday, January 21st. William Blair reissued an “outperform” rating on shares of Zeta Global in a research report on Monday, November 24th. Morgan Stanley raised their price target on shares of Zeta Global from $23.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. UBS Group set a $29.00 price objective on Zeta Global in a report on Tuesday, November 25th. Finally, 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 note on Thursday, February 26th. Nine equities 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Zeta Global Stock Down 0.4%

Shares of NYSE:ZETA opened at $18.84 on Friday. The company’s fifty day moving average is $19.13 and its 200-day moving average is $19.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.60 and a current ratio of 1.60. Zeta Global Holdings Corp. has a 52 week low of $10.69 and a 52 week high of $24.90. The company has a market capitalization of $4.53 billion, a PE ratio of -125.59, a P/E/G ratio of 2.22 and a beta of 1.28.

Insider Transactions at Zeta Global

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

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.