Summit Partners Public Asset Management LLC Buys 104,126 Shares of Zeta Global Holdings Corp. $ZETA

Summit Partners Public Asset Management LLC increased its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 13.3% during the fourth quarter, Holdings Channel reports. The firm owned 886,141 shares of the company’s stock after acquiring an additional 104,126 shares during the period. Summit Partners Public Asset Management LLC’s holdings in Zeta Global were worth $18,033,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cornerstone Planning Group LLC increased its position 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 purchasing an additional 1,260 shares during the period. Binnacle Investments Inc acquired a new stake in Zeta Global in the third quarter valued at about $30,000. United Community Bank acquired a new stake in Zeta Global in the fourth quarter valued at about $31,000. National Bank of Canada FI boosted its stake in Zeta Global by 223.1% in the third quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock valued at $36,000 after buying an additional 1,267 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec boosted its stake in Zeta Global by 159.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,880 shares of the company’s stock valued at $38,000 after buying an additional 1,155 shares in 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 Zeta Global stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the sale, the director directly owned 50,350 shares of the company’s stock, valued at approximately $1,001,461.50. This trade represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 10.74% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ZETA. Royal Bank Of Canada raised their price objective on Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. KeyCorp raised Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research note on Tuesday, April 28th. DA Davidson raised 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. Wall Street Zen lowered Zeta Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Zeta Global in a research note on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.83.

Zeta Global Stock Performance

Shares of ZETA stock opened at $19.81 on Wednesday. The business’s 50-day moving average price is $18.60 and its 200-day moving average price is $18.54. 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 capitalization of $4.94 billion, a price-to-earnings ratio of -180.08, a PEG ratio of 3.08 and a beta of 1.34. The company has a current ratio of 2.07, a quick 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.