Intech Investment Management LLC Sells 42,897 Shares of Zeta Global Holdings Corp. $ZETA

Intech Investment Management LLC lessened its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 33.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,147 shares of the company’s stock after selling 42,897 shares during the period. Intech Investment Management LLC’s holdings in Zeta Global were worth $1,672,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC grew its position in Zeta Global by 2,000.0% in the second quarter. Golden State Wealth Management LLC now owns 1,680 shares of the company’s stock worth $26,000 after acquiring an additional 1,600 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Zeta Global by 124.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,842 shares of the company’s stock worth $37,000 after purchasing an additional 1,023 shares in the last quarter. Game Plan Financial Advisors LLC bought a new position in shares of Zeta Global during the 3rd quarter valued at about $55,000. Optiver Holding B.V. increased its position in shares of Zeta Global by 97.1% during the 3rd 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. Finally, Traub Capital Management LLC purchased a new position in shares of Zeta Global during the 2nd quarter valued at about $50,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Analyst Ratings Changes

ZETA has been the subject of several research reports. DA Davidson upped their target price on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Morgan Stanley upped their price objective on shares of Zeta Global from $23.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. The Goldman Sachs Group increased their target price on shares of Zeta Global from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Wall Street Zen downgraded shares of Zeta Global from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Bank of America upped 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 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. According to MarketBeat.com, Zeta Global has an average rating of “Moderate Buy” and an average target price of $29.00.

Insider Buying and Selling at Zeta Global

In related news, Director Jeanine Silberblatt sold 12,990 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $19.34, for a total value of $251,226.60. Following the sale, the director directly owned 57,850 shares of the company’s stock, valued at $1,118,819. This trade represents a 18.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.02% of the company’s stock.

Zeta Global Price Performance

Shares of Zeta Global stock opened at $18.93 on Friday. The company’s fifty day simple moving average is $19.16 and its two-hundred day simple moving average is $19.06. Zeta Global Holdings Corp. has a 12-month low of $10.69 and a 12-month high of $24.90. The firm has a market cap of $4.55 billion, a PE ratio of -126.19, a price-to-earnings-growth ratio of 2.20 and a beta of 1.28. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.24.

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.