Harbor Capital Advisors Inc. Sells 44,846 Shares of Zeta Global Holdings Corp. $ZETA

Harbor Capital Advisors Inc. lowered its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 70.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,484 shares of the company’s stock after selling 44,846 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Zeta Global were worth $367,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ZETA. American Century Companies Inc. lifted its stake in shares of Zeta Global by 146.1% in the 1st quarter. American Century Companies Inc. now owns 45,245 shares of the company’s stock valued at $614,000 after purchasing an additional 26,858 shares during the period. Hsbc Holdings PLC increased its holdings in Zeta Global by 11.0% in the first quarter. Hsbc Holdings PLC now owns 48,591 shares of the company’s stock worth $656,000 after purchasing an additional 4,826 shares in the last quarter. AlphaQuest LLC increased its holdings in Zeta Global by 261.1% in the first quarter. AlphaQuest LLC now owns 4,463 shares of the company’s stock worth $61,000 after purchasing an additional 3,227 shares in the last quarter. Vident Advisory LLC acquired a new position in Zeta Global in the first quarter valued at approximately $167,000. Finally, Quarry LP lifted its stake in Zeta Global by 963.9% in the first quarter. Quarry LP now owns 2,181 shares of the company’s stock valued at $30,000 after buying an additional 1,976 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Stock Performance

Shares of ZETA stock opened at $20.42 on Tuesday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $18.47 and a two-hundred day simple moving average of $17.94. Zeta Global Holdings Corp. has a 12 month low of $10.69 and a 12 month high of $26.60. The firm has a market capitalization of $4.91 billion, a PE ratio of -170.12 and a beta of 1.27.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ZETA. Truist Financial raised their price objective on shares of Zeta Global from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. UBS Group set a $29.00 target price on shares of Zeta Global in a research note on Tuesday, November 25th. Canaccord Genuity Group lifted their price target on shares of Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Bank of America upped their price objective on shares of Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Finally, William Blair reissued an “outperform” rating on shares of Zeta Global in a research report on Monday, November 24th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.25.

Insider Activity

In other 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 transaction of $251,226.60. Following the completion of the sale, the director directly owned 57,850 shares of the company’s stock, valued at $1,118,819. The trade was a 18.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 13.02% of the stock is owned by corporate insiders.

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.