Granahan Investment Management LLC Has $53.27 Million Holdings in Zeta Global Holdings Corp. $ZETA

Granahan Investment Management LLC lifted its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 110.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,617,630 shares of the company’s stock after buying an additional 1,373,164 shares during the quarter. Zeta Global comprises 2.3% of Granahan Investment Management LLC’s investment portfolio, making the stock its 9th largest holding. Granahan Investment Management LLC’s holdings in Zeta Global were worth $53,269,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Zeta Global by 6.1% in the 4th quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock valued at $469,094,000 after buying an additional 1,325,717 shares in the last quarter. Disciplined Growth Investors Inc. MN acquired a new stake in Zeta Global in the 3rd quarter worth approximately $121,502,000. Goldman Sachs Group Inc. lifted its holdings in Zeta Global by 13.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,582,446 shares of the company’s stock worth $113,603,000 after purchasing an additional 673,145 shares during the last quarter. Capital World Investors lifted its holdings in Zeta Global by 0.7% in the 4th quarter. Capital World Investors now owns 5,013,776 shares of the company’s stock worth $102,030,000 after purchasing an additional 33,923 shares during the last quarter. Finally, State Street Corp lifted its holdings in Zeta Global by 4.8% in the 2nd quarter. State Street Corp now owns 4,671,750 shares of the company’s stock worth $72,365,000 after purchasing an additional 215,932 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

Insider Activity at Zeta Global

In other news, Director Jeanine Silberblatt sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the transaction, the director directly owned 50,350 shares in the company, valued at $1,001,461.50. The trade was a 12.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.74% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ZETA has been the subject of several analyst reports. B. Riley Financial restated a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. DA Davidson boosted their target price on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Wall Street Zen lowered Zeta Global from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Royal Bank Of Canada boosted their target price on Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a report on Monday, April 20th. Ten equities research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.83.

Zeta Global Stock Up 0.2%

Shares of ZETA stock opened at $19.81 on Wednesday. Zeta Global Holdings Corp. has a 12 month low of $12.39 and a 12 month high of $25.95. The firm has a market cap of $4.94 billion, a PE ratio of -180.08, a price-to-earnings-growth ratio of 3.08 and a beta of 1.34. The stock has a 50 day moving average of $18.60 and a 200-day moving average of $18.54. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22.

About Zeta Global

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.