Zeta Global Holdings Corp. $ZETA Stock: Summit Creek Advisors LLC Lowers Holdings

Summit Creek Advisors LLC trimmed its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 41.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 188,304 shares of the company’s stock after selling 133,744 shares during the quarter. Zeta Global accounts for about 2.4% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Summit Creek Advisors LLC’s holdings in Zeta Global were worth $5,945,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of Zeta Global by 47.7% in the first quarter. Bank of America Corp DE now owns 3,853,723 shares of the company’s stock worth $61,351,000 after acquiring an additional 1,244,057 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Zeta Global by 75.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,864,071 shares of the company’s stock valued at $45,583,000 after purchasing an additional 1,234,412 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Zeta Global by 7,696.7% in the first quarter. Principal Financial Group Inc. now owns 868,239 shares of the company’s stock valued at $13,822,000 after purchasing an additional 857,103 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Zeta Global by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 830,888 shares of the company’s stock valued at $13,228,000 after purchasing an additional 18,550 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in Zeta Global by 69.8% during the 1st quarter. Royal Bank of Canada now owns 558,179 shares of the company’s stock valued at $8,887,000 after purchasing an additional 229,533 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Stock Performance

Shares of ZETA stock opened at $31.03 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.38 and a current ratio of 2.38. Zeta Global Holdings Corp. has a one year low of $14.36 and a one year high of $35.75. The company’s 50-day simple moving average is $31.68 and its 200-day simple moving average is $22.77. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of -1,551.65, a PEG ratio of 4.38 and a beta of 1.25.

Analyst Ratings Changes

ZETA has been the topic of several analyst reports. Canaccord Genuity Group lifted their price objective on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, October 9th. Roth Capital reiterated a “buy” rating and set a $55.00 target price (up from $44.00) on shares of Zeta Global in a research note on Monday, October 12th. Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Needham & Company LLC lifted their price target on shares of Zeta Global from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Finally, William Blair set a $29.00 price target on shares of Zeta Global in a report on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.06.

Zeta Global Profile

Zeta Global is a marketing technology company that helps businesses use consumer data and artificial intelligence to plan and deliver digital marketing. Its platform combines data, analytics and campaign tools to help organizations identify audiences and engage customers throughout the marketing lifecycle.

The company’s products support marketing activities such as customer acquisition, engagement and retention across channels including email, mobile, social media and the web. Zeta’s offerings include its Zeta Marketing Platform and the Zeta Data Cloud, which help clients manage audience insights and coordinate campaigns.

Founded in 2007 and headquartered in New York, Zeta Global serves businesses in multiple markets.