Portolan Capital Management LLC Has $20.37 Million Stock Holdings in Zeta Global Holdings Corp. $ZETA

Portolan Capital Management LLC trimmed its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 22.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,025,195 shares of the company’s stock after selling 290,495 shares during the quarter. Portolan Capital Management LLC’s holdings in Zeta Global were worth $20,371,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Zeta Global by 124.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,842 shares of the company’s stock valued at $37,000 after acquiring an additional 1,023 shares in the last quarter. Traub Capital Management LLC acquired a new position in shares of Zeta Global during the second quarter worth approximately $50,000. SBI Securities Co. Ltd. lifted its position in shares of Zeta Global by 58.3% during the second quarter. SBI Securities Co. Ltd. now owns 3,368 shares of the company’s stock worth $52,000 after purchasing an additional 1,241 shares in the last quarter. Game Plan Financial Advisors LLC bought a new stake in shares of Zeta Global during the third quarter valued at approximately $55,000. Finally, Optiver Holding B.V. grew its stake in shares of Zeta Global by 97.1% during the third quarter. Optiver Holding B.V. now owns 2,940 shares of the company’s stock valued at $58,000 after purchasing an additional 1,448 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Trading Down 1.3%

ZETA opened at $17.82 on Friday. The firm has a 50 day simple moving average of $18.92 and a 200 day simple moving average of $19.03. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week high of $24.90. The company has a market cap of $4.35 billion, a price-to-earnings ratio of -118.77, a price-to-earnings-growth ratio of 2.12 and a beta of 1.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 1.60.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ZETA shares. B. Riley Financial boosted their price objective on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Morgan Stanley increased their price objective on Zeta Global from $23.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research note on Wednesday, January 21st. Citigroup started coverage on Zeta Global in a research report on Friday, November 21st. They set a “buy” rating and a $26.00 target price for the company. Finally, The Goldman Sachs Group upped their price target on Zeta Global from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. 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. According to MarketBeat, Zeta Global presently has a consensus rating of “Moderate Buy” and an average 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.