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

Summit Partners Public Asset Management LLC boosted its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 owned 0.37% of Zeta Global worth $18,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ZETA. Advisors Asset Management Inc. raised its stake in Zeta Global by 34.2% in the 1st quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company’s stock valued at $62,000 after acquiring an additional 1,168 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Zeta Global by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,371 shares of the company’s stock valued at $1,442,000 after acquiring an additional 4,631 shares during the period. Caxton Associates LLP bought a new stake in Zeta Global in the 1st quarter valued at $205,000. Woodline Partners LP bought a new stake in Zeta Global in the 1st quarter valued at $222,000. Finally, Strs Ohio bought a new stake in Zeta Global in the 1st quarter valued at $117,000. Institutional investors own 87.75% of the company’s stock.

Zeta Global Stock Up 0.2%

ZETA stock opened at $19.81 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The stock 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 business’s fifty day moving average price is $18.60 and its two-hundred day moving average price is $18.54. Zeta Global Holdings Corp. has a fifty-two week low of $12.39 and a fifty-two week high of $25.95.

Insider Activity at Zeta Global

In related news, Director Jeanine Silberblatt sold 7,500 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $19.89, for a total value of $149,175.00. Following the transaction, the director owned 50,350 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 10.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada increased their price target on Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a research report on Monday, April 20th. DA Davidson increased their price objective on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Bank of America assumed coverage on Zeta Global in a research report on Tuesday, May 19th. They set a “buy” rating and a $24.00 price objective on the stock. Finally, B. Riley Financial reiterated a “buy” rating on shares of Zeta Global in a research report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.83.

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.