Skylands Capital LLC Raises Stake in Zeta Global Holdings Corp. $ZETA

Skylands Capital LLC raised its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 92.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,950 shares of the company’s stock after acquiring an additional 37,950 shares during the period. Skylands Capital LLC’s holdings in Zeta Global were worth $1,257,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. grew its holdings in shares of Zeta Global by 34.2% during the 1st quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company’s stock valued at $62,000 after purchasing an additional 1,168 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Zeta Global by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,371 shares of the company’s stock worth $1,442,000 after purchasing an additional 4,631 shares during the last quarter. Caxton Associates LLP purchased a new stake in Zeta Global during the first quarter valued at about $205,000. Woodline Partners LP purchased a new stake in Zeta Global during the first quarter valued at about $222,000. Finally, Strs Ohio bought a new position in shares of Zeta Global during the first quarter valued at about $117,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $19.89, for a total value of $149,175.00. Following the completion of the sale, the director owned 50,350 shares in the company, valued at approximately $1,001,461.50. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 10.74% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ZETA shares. Bank of America boosted their target price on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a research report on Monday, April 20th. DA Davidson reaffirmed a “buy” rating and issued a $30.00 price target on shares of Zeta Global in a research note on Wednesday. B. Riley Financial reiterated a “buy” rating on shares of Zeta Global in a research report on Friday, May 1st. Finally, The Goldman Sachs Group set a $28.00 price objective on Zeta Global and gave the company a “neutral” rating in a research note on Wednesday. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Zeta Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

Zeta Global Stock Performance

Zeta Global stock opened at $18.98 on Friday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The firm has a market cap of $4.73 billion, a P/E ratio of -172.50, a P/E/G ratio of 2.81 and a beta of 1.34. Zeta Global Holdings Corp. has a 1-year low of $13.74 and a 1-year high of $25.95. The firm has a 50-day moving average of $19.07 and a 200-day moving average of $18.56.

Zeta Global Company 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.