Zeta Global Holdings Corp. $ZETA Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 7,696.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 868,239 shares of the company’s stock after purchasing an additional 857,103 shares during the quarter. Principal Financial Group Inc.’s holdings in Zeta Global were worth $13,822,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp acquired a new stake in shares of Zeta Global in the 1st quarter valued at about $330,000. Kestra Advisory Services LLC increased its position in Zeta Global by 79.2% during the first quarter. Kestra Advisory Services LLC now owns 50,771 shares of the company’s stock worth $808,000 after buying an additional 22,432 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new position in Zeta Global during the first quarter worth approximately $265,000. American Capital Advisory LLC purchased a new stake in Zeta Global in the first quarter valued at approximately $318,000. Finally, Abel Hall LLC lifted its stake in Zeta Global by 31.6% in the first quarter. Abel Hall LLC now owns 13,045 shares of the company’s stock valued at $208,000 after buying an additional 3,133 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ZETA shares. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a research report on Friday, July 17th. B. Riley Financial reiterated a “buy” rating on shares of Zeta Global in a research note on Friday, May 1st. Freedom Capital raised shares of Zeta Global to a “strong-buy” rating in a research report on Monday, June 29th. The Goldman Sachs Group set a $28.00 price objective on shares of Zeta Global and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Finally, KeyCorp raised shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 target price for the company in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.33.

Zeta Global Trading Down 4.1%

Shares of ZETA stock opened at $19.36 on Friday. The business’s 50 day moving average is $20.50 and its two-hundred day moving average is $18.84. Zeta Global Holdings Corp. has a twelve month low of $14.36 and a twelve month high of $25.95. The company has a market capitalization of $4.83 billion, a P/E ratio of -176.02, a price-to-earnings-growth ratio of 2.98 and a beta of 1.37. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22.

Insider Buying and Selling at Zeta Global

In related news, Director Jeanine Silberblatt sold 7,500 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the sale, the director directly owned 50,350 shares of the company’s stock, valued at $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 available through this link. 10.74% of the stock is currently owned by corporate insiders.

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.