Zeta Global Holdings Corp. $ZETA Shares Sold by Granite Investment Partners LLC

Granite Investment Partners LLC trimmed its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 31.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 790,807 shares of the company’s stock after selling 357,659 shares during the quarter. Zeta Global comprises 0.9% of Granite Investment Partners LLC’s holdings, making the stock its 28th biggest position. Granite Investment Partners LLC owned about 0.33% of Zeta Global worth $15,713,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Greenvale Capital LLP raised its holdings in Zeta Global by 178.0% during the second quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company’s stock worth $107,674,000 after purchasing an additional 4,451,181 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Zeta Global by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,835,620 shares of the company’s stock valued at $74,913,000 after purchasing an additional 174,972 shares during the period. State Street Corp increased its position in shares of Zeta Global by 4.8% during the 2nd quarter. State Street Corp now owns 4,671,750 shares of the company’s stock valued at $72,365,000 after purchasing an additional 215,932 shares during the period. Bwcp LP raised its stake in shares of Zeta Global by 4.8% in the 2nd quarter. Bwcp LP now owns 2,740,611 shares of the company’s stock worth $42,452,000 after buying an additional 125,815 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Zeta Global by 857.2% in the second quarter. Marshall Wace LLP now owns 2,679,321 shares of the company’s stock valued at $41,503,000 after buying an additional 2,399,408 shares during the period. 87.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Jeanine Silberblatt sold 12,990 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $19.34, for a total value of $251,226.60. Following the completion of the transaction, the director owned 57,850 shares of the company’s stock, valued at approximately $1,118,819. This trade represents a 18.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.02% of the company’s stock.

Zeta Global Price Performance

ZETA stock opened at $16.34 on Monday. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $24.90. The firm has a 50-day moving average of $19.28 and a two-hundred day moving average of $19.13. The firm has a market capitalization of $3.93 billion, a PE ratio of -136.11, a P/E/G ratio of 1.68 and a beta of 1.26. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.29.

Analyst Ratings Changes

A number of research analysts recently issued reports on ZETA shares. B. Riley Financial lifted their target price on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. UBS Group set a $29.00 price objective on shares of Zeta Global in a research report on Tuesday, November 25th. The Goldman Sachs Group lifted their price objective on shares of Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. DA Davidson set a $29.00 target price on shares of Zeta Global in a research note on Monday, January 12th. Finally, Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Zeta Global 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.