DNB Asset Management AS Invests $2.42 Million in Zeta Global Holdings Corp. $ZETA

DNB Asset Management AS purchased a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 121,577 shares of the company’s stock, valued at approximately $2,416,000. DNB Asset Management AS owned approximately 0.05% of Zeta Global at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Golden State Wealth Management LLC increased its position in shares of Zeta Global by 2,000.0% in the second quarter. Golden State Wealth Management LLC now owns 1,680 shares of the company’s stock valued at $26,000 after acquiring an additional 1,600 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Zeta Global by 124.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,842 shares of the company’s stock valued at $37,000 after purchasing an additional 1,023 shares during the period. Traub Capital Management LLC bought a new position in Zeta Global during the second quarter worth about $50,000. SBI Securities Co. Ltd. raised its position in shares of Zeta Global by 58.3% in the second quarter. SBI Securities Co. Ltd. now owns 3,368 shares of the company’s stock valued at $52,000 after buying an additional 1,241 shares in the last quarter. Finally, Game Plan Financial Advisors LLC acquired a new stake in shares of Zeta Global during the 3rd quarter worth $55,000. Institutional investors own 87.75% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jeanine Silberblatt sold 12,990 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was 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 approximately $1,118,819. The trade was a 18.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 13.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ZETA. Wall Street Zen downgraded shares of Zeta Global from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley lifted their price target on shares of Zeta Global from $23.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. UBS Group set a $29.00 price target on shares of Zeta Global in a research report on Tuesday, November 25th. B. Riley Financial increased their price target on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Finally, The Goldman Sachs Group upped their price target on Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Zeta Global currently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

Zeta Global Stock Up 3.7%

ZETA stock opened at $18.02 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.24. The stock has a market cap of $4.34 billion, a P/E ratio of -120.13, a P/E/G ratio of 2.04 and a beta of 1.28. Zeta Global Holdings Corp. has a 1-year low of $10.69 and a 1-year high of $24.90. The stock’s fifty day simple moving average is $19.17 and its two-hundred day simple moving average is $19.06.

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.