Zeta Global Holdings Corp. $ZETA is Manatuck Hill Partners LLC’s 2nd Largest Position

Manatuck Hill Partners LLC reduced its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 14.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 605,000 shares of the company’s stock after selling 100,000 shares during the quarter. Zeta Global makes up approximately 4.3% of Manatuck Hill Partners LLC’s investment portfolio, making the stock its 2nd largest position. Manatuck Hill Partners LLC owned approximately 0.25% of Zeta Global worth $12,312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Mackenzie Financial Corp boosted its stake in shares of Zeta Global by 4.8% during the third quarter. Mackenzie Financial Corp now owns 12,195 shares of the company’s stock valued at $242,000 after purchasing an additional 560 shares during the period. Verus Capital Partners LLC boosted its stake in shares of Zeta Global by 1.2% during the fourth quarter. Verus Capital Partners LLC now owns 49,100 shares of the company’s stock valued at $999,000 after purchasing an additional 600 shares during the period. SlateStone Wealth LLC boosted its stake in shares of Zeta Global by 3.9% during the fourth quarter. SlateStone Wealth LLC now owns 19,801 shares of the company’s stock valued at $403,000 after purchasing an additional 750 shares during the period. Principal Financial Group Inc. lifted its stake in Zeta Global by 6.5% in the third quarter. Principal Financial Group Inc. now owns 14,264 shares of the company’s stock worth $283,000 after acquiring an additional 874 shares during the period. Finally, M&T Bank Corp lifted its stake in Zeta Global by 5.9% in the second quarter. M&T Bank Corp now owns 17,086 shares of the company’s stock worth $264,000 after acquiring an additional 959 shares during the period. 87.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Jeanine Silberblatt sold 7,500 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $19.89, for a total transaction of $149,175.00. Following the transaction, the director owned 50,350 shares in the company, valued at $1,001,461.50. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 10.74% of the company’s stock.

Zeta Global Stock Performance

Shares of Zeta Global stock opened at $18.54 on Thursday. The company has a market capitalization of $4.62 billion, a PE ratio of -168.56, a P/E/G ratio of 3.07 and a beta of 1.34. 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 company has a 50-day simple moving average of $18.66 and a two-hundred day simple moving average of $18.54. Zeta Global Holdings Corp. has a one year low of $12.39 and a one year high of $25.95.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ZETA shares. KeyCorp raised shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research note on Tuesday, April 28th. Bank of America started coverage on shares of Zeta Global in a research note on Tuesday, May 19th. They issued a “buy” rating and a $24.00 price objective for the company. Wall Street Zen lowered shares of Zeta Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Royal Bank Of Canada boosted their target price on shares of Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a report on Monday, April 20th. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.83.

Zeta Global Company 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.