Peregrine Capital Management LLC Buys 51,054 Shares of Zeta Global Holdings Corp. $ZETA

Peregrine Capital Management LLC lifted its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 10.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 550,112 shares of the company’s stock after purchasing an additional 51,054 shares during the quarter. Peregrine Capital Management LLC’s holdings in Zeta Global were worth $8,758,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Zeta Global by 6.1% during the 4th quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock worth $469,094,000 after acquiring an additional 1,325,717 shares during the last quarter. Contour Asset Management LLC raised its position in Zeta Global by 26.3% in the fourth quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock valued at $227,159,000 after purchasing an additional 2,327,907 shares during the last quarter. Disciplined Growth Investors Inc. MN bought a new position in Zeta Global in the third quarter valued at about $121,502,000. Goldman Sachs Group Inc. boosted its stake in shares of Zeta Global by 13.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,582,446 shares of the company’s stock valued at $113,603,000 after purchasing an additional 673,145 shares in the last quarter. Finally, Capital World Investors grew its holdings in shares of Zeta Global by 0.7% during the fourth quarter. Capital World Investors now owns 5,013,776 shares of the company’s stock worth $102,030,000 after purchasing an additional 33,923 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ZETA shares. DA Davidson reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Zeta Global in a research note on Wednesday, June 24th. The Goldman Sachs Group set a $28.00 target price on shares of Zeta Global and gave the stock a “neutral” rating in a report on Wednesday, June 24th. Bank of America upped their price target on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Royal Bank Of Canada lifted their price target on shares of Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, B. Riley Financial reissued 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 given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Zeta Global currently has an average rating of “Moderate Buy” and a consensus price target of $28.33.

Zeta Global Price Performance

Zeta Global stock opened at $19.72 on Wednesday. The stock’s 50 day moving average is $19.16 and its 200 day moving average is $18.56. Zeta Global Holdings Corp. has a one year low of $13.74 and a one year high of $25.95. The firm has a market cap of $4.91 billion, a P/E ratio of -179.25, a P/E/G ratio of 2.92 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07.

Insider Activity

In other news, Director Jeanine Silberblatt sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were 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. The trade was a 12.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.74% 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.