State of New Jersey Common Pension Fund D Buys Shares of 116,297 Zeta Global Holdings Corp. $ZETA

State of New Jersey Common Pension Fund D purchased a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 116,297 shares of the company’s stock, valued at approximately $2,311,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZETA. Palouse Capital Management Inc. raised its position in Zeta Global by 6.1% during the 2nd quarter. Palouse Capital Management Inc. now owns 10,794 shares of the company’s stock worth $167,000 after buying an additional 619 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Zeta Global by 15.3% in the second quarter. Advisors Asset Management Inc. now owns 5,281 shares of the company’s stock valued at $82,000 after acquiring an additional 702 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of Zeta Global by 1.2% during the third quarter. D.A. Davidson & CO. now owns 66,462 shares of the company’s stock worth $1,321,000 after acquiring an additional 799 shares during the period. Principal Financial Group Inc. raised its holdings in Zeta Global by 6.5% during the third quarter. Principal Financial Group Inc. now owns 14,264 shares of the company’s stock worth $283,000 after purchasing an additional 874 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Zeta Global by 3.6% in the third quarter. Blue Trust Inc. now owns 25,075 shares of the company’s stock valued at $498,000 after purchasing an additional 877 shares during the period. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jeanine Silberblatt sold 12,990 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $19.34, for a total value of $251,226.60. Following the sale, the director directly owned 57,850 shares in the company, valued at $1,118,819. The trade was a 18.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Citigroup assumed coverage on Zeta Global in a research report on Friday, November 21st. They set a “buy” rating and a $26.00 target price on the stock. Morgan Stanley upped their price objective on Zeta Global from $23.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Wall Street Zen upgraded Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a report on Wednesday, January 21st. Finally, William Blair restated an “outperform” rating on shares of Zeta Global in a research report on Monday, November 24th. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Zeta Global has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Zeta Global Stock Performance

Shares of ZETA stock opened at $16.34 on Monday. The stock has a fifty day moving average price of $19.28 and a 200 day moving average price of $19.13. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.01 and a current ratio of 3.01. The stock has a market cap of $3.93 billion, a PE ratio of -136.11, a P/E/G ratio of 1.68 and a beta of 1.26. Zeta Global Holdings Corp. has a 1 year low of $10.69 and a 1 year high of $24.90.

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.