Zeta Global Holdings Corp. $ZETA Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC trimmed its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 60.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,024,487 shares of the company’s stock after selling 1,593,143 shares during the quarter. Granahan Investment Management LLC’s holdings in Zeta Global were worth $16,310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership bought a new position in Zeta Global in the 1st quarter worth about $3,610,000. Inceptionr LLC bought a new stake in shares of Zeta Global during the first quarter valued at approximately $203,000. Sei Investments Co. boosted its position in shares of Zeta Global by 51.7% during the first quarter. Sei Investments Co. now owns 553,693 shares of the company’s stock worth $8,815,000 after buying an additional 188,699 shares during the period. Cetera Investment Advisers boosted its position in shares of Zeta Global by 133.5% during the first quarter. Cetera Investment Advisers now owns 79,181 shares of the company’s stock worth $1,261,000 after buying an additional 45,264 shares during the period. Finally, First Trust Advisors LP grew its holdings in Zeta Global by 56.2% in the 1st quarter. First Trust Advisors LP now owns 378,425 shares of the company’s stock worth $6,025,000 after buying an additional 136,106 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeanine Silberblatt sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the sale, the director directly owned 50,350 shares in the company, valued at approximately $1,001,461.50. This trade represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 10.74% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research note on Friday, July 17th. B. Riley Financial reissued a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. Royal Bank Of Canada lifted their price objective on shares of Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. DA Davidson reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Zeta Global in a report on Wednesday, June 24th. Finally, Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $28.33.

Zeta Global Stock Performance

NYSE:ZETA opened at $19.17 on Friday. The company has a 50-day moving average of $20.54 and a 200-day moving average of $18.84. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of -174.25, a price-to-earnings-growth ratio of 2.87 and a beta of 1.37. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. Zeta Global Holdings Corp. has a twelve month low of $14.36 and a twelve month high of $25.95.

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.