Peregrine Capital Management LLC Acquires 51,054 Shares of Zeta Global Holdings Corp. $ZETA

Peregrine Capital Management LLC boosted its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 10.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 550,112 shares of the company’s stock after acquiring an additional 51,054 shares during the period. Peregrine Capital Management LLC owned 0.23% of Zeta Global worth $8,758,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Zeta Global by 6.1% during the 4th quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock worth $469,094,000 after buying an additional 1,325,717 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new position in Zeta Global in the 4th quarter valued at about $13,976,000. Fortress Investment Group LLC bought a new position in Zeta Global in the 3rd quarter valued at about $9,935,000. Register Financial Advisors LLC lifted its position in Zeta Global by 794.6% during the fourth quarter. Register Financial Advisors LLC now owns 107,350 shares of the company’s stock worth $2,185,000 after acquiring an additional 95,350 shares during the last quarter. Finally, DNB Asset Management AS acquired a new stake in Zeta Global during the third quarter worth approximately $2,416,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Insider Activity at Zeta Global

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $19.89, for a total value of $149,175.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.74% of the company’s stock.

Zeta Global Price Performance

Zeta Global stock opened at $19.72 on Wednesday. The firm has a market cap of $4.91 billion, a PE ratio of -179.25, a price-to-earnings-growth ratio of 2.92 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The stock’s fifty day moving average price is $19.16 and its two-hundred day moving average price is $18.56. Zeta Global Holdings Corp. has a one year low of $13.74 and a one year high of $25.95.

Wall Street Analyst Weigh In

Several research firms have recently commented on ZETA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research report on Monday, April 20th. KeyCorp upgraded Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price target for the company in a research note on Tuesday, April 28th. The Goldman Sachs Group set a $28.00 price objective on Zeta Global and gave the company a “neutral” rating in a report on Wednesday, June 24th. B. Riley Financial reiterated a “buy” rating on shares of Zeta Global in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.33.

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.