Zeta Global Holdings Corp. $ZETA Shares Bought by Granahan Investment Management LLC

Granahan Investment Management LLC grew its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 110.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,617,630 shares of the company’s stock after acquiring an additional 1,373,164 shares during the quarter. Zeta Global comprises about 2.3% of Granahan Investment Management LLC’s investment portfolio, making the stock its 9th largest holding. Granahan Investment Management LLC owned about 1.09% of Zeta Global worth $53,269,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ZETA. Advisors Asset Management Inc. raised its position in Zeta Global by 34.2% in the first quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company’s stock worth $62,000 after acquiring an additional 1,168 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Zeta Global by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,371 shares of the company’s stock worth $1,442,000 after buying an additional 4,631 shares during the period. Caxton Associates LLP acquired a new stake in Zeta Global during the 1st quarter worth about $205,000. Woodline Partners LP acquired a new stake in Zeta Global during the 1st quarter worth about $222,000. Finally, Strs Ohio acquired a new stake in Zeta Global during the 1st quarter worth about $117,000. 87.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on ZETA. Royal Bank Of Canada boosted their price objective on Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. KeyCorp upgraded Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a report on Tuesday, April 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a report on Monday, April 20th. Bank of America initiated coverage on Zeta Global in a report on Tuesday, May 19th. They issued a “buy” rating and a $24.00 target price on the stock. Finally, DA Davidson upped their target price on Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, February 26th. 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.83.

Insider Activity at Zeta Global

In related news, Director Jeanine Silberblatt sold 7,500 shares of the business’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 value of $149,175.00. Following the completion of the sale, the director owned 50,350 shares of the company’s stock, valued at approximately $1,001,461.50. The trade was a 12.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 10.74% of the company’s stock.

Zeta Global Price Performance

Shares of ZETA opened at $19.81 on Wednesday. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of -180.08, a P/E/G ratio of 3.08 and a beta of 1.34. The business’s 50-day moving average is $18.60 and its 200-day moving average 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. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07.

Zeta Global Company 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.