Fortis Group Advisors LLC Buys New Shares in Zeta Global Holdings Corp. $ZETA

Fortis Group Advisors LLC purchased a new position in Zeta Global Holdings Corp. (NYSE:ZETA) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 72,171 shares of the company’s stock, valued at approximately $1,434,000.

Several other institutional investors have also recently made changes to their positions in ZETA. Golden State Wealth Management LLC grew its stake in shares of Zeta Global by 2,000.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 1,680 shares of the company’s stock valued at $26,000 after buying an additional 1,600 shares during the period. Farther Finance Advisors LLC raised its stake in Zeta Global by 124.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,842 shares of the company’s stock worth $37,000 after buying an additional 1,023 shares during the period. Traub Capital Management LLC bought a new position in Zeta Global in the second quarter worth approximately $50,000. SBI Securities Co. Ltd. grew its stake in Zeta Global by 58.3% in the second quarter. SBI Securities Co. Ltd. now owns 3,368 shares of the company’s stock valued at $52,000 after acquiring an additional 1,241 shares during the period. Finally, Game Plan Financial Advisors LLC bought a new stake in shares of Zeta Global during the third quarter valued at approximately $55,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Stock Down 1.0%

ZETA opened at $15.31 on Wednesday. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week high of $26.60. The firm has a market capitalization of $3.68 billion, a P/E ratio of -127.57, a PEG ratio of 1.59 and a beta of 1.26. The company’s 50-day moving average is $19.48 and its 200 day moving average is $19.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.01 and a quick ratio of 3.01.

Insider Buying and Selling

In other news, Director Jeanine Silberblatt sold 12,990 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $19.34, for a total value of $251,226.60. Following the transaction, the director owned 57,850 shares in the company, valued at $1,118,819. The trade was a 18.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ZETA shares. Citigroup initiated coverage on Zeta Global in a research report on Friday, November 21st. They set a “buy” rating and a $26.00 target price on the stock. DA Davidson set a $29.00 price objective on shares of Zeta Global in a report on Monday, January 12th. UBS Group set a $29.00 price objective on shares of Zeta Global 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. Finally, Bank of America raised their price target on shares of Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

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.