Zeta Global Holdings Corp. $ZETA Shares Sold by Summit Creek Advisors LLC

Summit Creek Advisors LLC cut its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 20.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 648,403 shares of the company’s stock after selling 163,779 shares during the quarter. Zeta Global comprises approximately 2.1% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Summit Creek Advisors LLC owned about 0.27% of Zeta Global worth $13,195,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZETA. Disciplined Growth Investors Inc. MN acquired a new stake in shares of Zeta Global during the 3rd quarter worth about $121,502,000. M&T Bank Corp increased its position in shares of Zeta Global by 12,545.2% during the 4th quarter. M&T Bank Corp now owns 2,233,649 shares of the company’s stock worth $45,455,000 after purchasing an additional 2,215,985 shares during the last quarter. Annex Advisory Services LLC acquired a new stake in shares of Zeta Global during the 4th quarter worth about $42,136,000. Vanguard Group Inc. increased its position in shares of Zeta Global by 6.1% during the 4th quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock worth $469,094,000 after purchasing an additional 1,325,717 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC acquired a new stake in shares of Zeta Global during the 3rd quarter worth about $15,539,000. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Stock Performance

Shares of ZETA opened at $18.32 on Thursday. The stock has a 50-day simple moving average of $16.98 and a 200-day simple moving average of $18.17. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $4.47 billion, a PE ratio of -166.56, a PEG ratio of 2.75 and a beta of 1.29. Zeta Global Holdings Corp. has a 1 year low of $12.10 and a 1 year high of $24.90.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. The business had revenue of $394.64 million during the quarter, compared to analysts’ expectations of $378.09 million. Zeta Global had a positive return on equity of 2.91% and a negative net margin of 1.62%.The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. On average, analysts predict that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. DA Davidson raised their price objective on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Bank of America assumed coverage on Zeta Global in a research report on Tuesday. They set a “buy” rating and a $24.00 price objective for the company. KeyCorp raised Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research report on Tuesday, April 28th. Royal Bank Of Canada raised their price objective on Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, The Goldman Sachs Group raised their price objective on Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.83.

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.