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

Neo Ivy Capital Management lifted its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 52.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 179,820 shares of the company’s stock after purchasing an additional 62,035 shares during the period. Zeta Global accounts for about 0.9% of Neo Ivy Capital Management’s investment portfolio, making the stock its 20th biggest holding. Neo Ivy Capital Management owned approximately 0.08% of Zeta Global worth $3,573,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Greenvale Capital LLP lifted its position in shares of Zeta Global by 178.0% in the second quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company’s stock worth $107,674,000 after buying an additional 4,451,181 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Zeta Global by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,835,620 shares of the company’s stock valued at $74,913,000 after acquiring an additional 174,972 shares during the last quarter. State Street Corp increased its holdings in shares of Zeta Global by 4.8% during the 2nd quarter. State Street Corp now owns 4,671,750 shares of the company’s stock valued at $72,365,000 after acquiring an additional 215,932 shares during the last quarter. Bwcp LP raised its stake in shares of Zeta Global by 4.8% in the 2nd quarter. Bwcp LP now owns 2,740,611 shares of the company’s stock valued at $42,452,000 after acquiring an additional 125,815 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in Zeta Global by 857.2% in the 2nd quarter. Marshall Wace LLP now owns 2,679,321 shares of the company’s stock worth $41,503,000 after purchasing an additional 2,399,408 shares during the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Price Performance

Shares of Zeta Global stock opened at $18.84 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market cap of $4.53 billion, a PE ratio of -125.59, a price-to-earnings-growth ratio of 2.22 and a beta of 1.28. The firm has a fifty day moving average price of $19.13 and a two-hundred day moving average price of $19.05. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week high of $24.90.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. DA Davidson upped their price objective on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Bank of America lifted their target price on shares of Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Needham & Company LLC restated a “buy” rating on shares of Zeta Global in a report on Tuesday, November 25th. The Goldman Sachs Group raised their price target on Zeta Global from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Finally, B. Riley Financial lifted their price objective on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Nine 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, Zeta Global has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Insider Activity at Zeta Global

In related news, Director Jeanine Silberblatt sold 12,990 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $19.34, for a total value of $251,226.60. Following the completion of the sale, the director owned 57,850 shares in the company, valued at approximately $1,118,819. This trade represents a 18.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.02% of the company’s stock.

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.