Granahan Investment Management LLC Trims Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

Granahan Investment Management LLC lessened its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 77.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 655,702 shares of the company’s stock after selling 2,209,527 shares during the period. Granahan Investment Management LLC’s holdings in Zeta Global were worth $11,796,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Optiver Holding B.V. boosted its position in Zeta Global by 60.9% during the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company’s stock worth $25,000 after purchasing an additional 532 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Zeta Global by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company’s stock valued at $336,000 after buying an additional 592 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of Zeta Global by 4.7% during the 4th quarter. Bleakley Financial Group LLC now owns 14,104 shares of the company’s stock valued at $254,000 after buying an additional 636 shares in the last quarter. D.A. Davidson & CO. grew its stake in Zeta Global by 1.6% in the 4th quarter. D.A. Davidson & CO. now owns 64,223 shares of the company’s stock valued at $1,155,000 after acquiring an additional 987 shares during the period. Finally, First Bank & Trust increased its holdings in Zeta Global by 10.6% in the 4th quarter. First Bank & Trust now owns 11,276 shares of the company’s stock worth $203,000 after acquiring an additional 1,083 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Needham & Company LLC dropped their target price on shares of Zeta Global from $43.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Truist Financial lowered their price objective on Zeta Global from $42.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Morgan Stanley reduced their target price on Zeta Global from $25.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Canaccord Genuity Group lowered their price target on Zeta Global from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group reduced their price objective on Zeta Global from $27.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.36.

Zeta Global Stock Performance

Zeta Global stock opened at $13.35 on Friday. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of -19.07, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The firm has a 50 day simple moving average of $13.39 and a 200-day simple moving average of $18.70. Zeta Global Holdings Corp. has a 1-year low of $10.69 and a 1-year high of $38.20.

Zeta Global Company Profile

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.