Summit Creek Advisors LLC Makes New Investment in Zeta Global Holdings Corp. $ZETA

Summit Creek Advisors LLC bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 322,048 shares of the company’s stock, valued at approximately $6,338,000. Zeta Global accounts for about 2.2% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 20th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its stake in shares of Zeta Global by 3,150.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock valued at $26,000 after buying an additional 1,260 shares during the period. DV Equities LLC bought a new position in Zeta Global during the 4th quarter worth $29,000. Binnacle Investments Inc acquired a new position in Zeta Global in the 3rd quarter valued at $30,000. United Community Bank acquired a new position in Zeta Global in the 4th quarter valued at $31,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Zeta Global by 204.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock valued at $33,000 after acquiring an additional 1,406 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZETA has been the topic of several analyst reports. Citigroup increased their target price on Zeta Global from $26.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. KeyCorp upped their price objective on shares of Zeta Global from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Freedom Capital downgraded shares of Zeta Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Bank of America raised their target price on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Finally, Needham & Company LLC boosted their target price on shares of Zeta Global from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Zeta Global has an average rating of “Moderate Buy” and a consensus price target of $30.31.

Zeta Global Trading Down 2.1%

Shares of ZETA stock opened at $28.24 on Wednesday. Zeta Global Holdings Corp. has a fifty-two week low of $14.36 and a fifty-two week high of $29.89. The stock’s fifty day moving average price is $22.12 and its two-hundred day moving average price is $19.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.38 and a current ratio of 2.38. The company has a market cap of $7.09 billion, a PE ratio of -1,411.85, a P/E/G ratio of 4.10 and a beta of 1.39.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.The business had revenue of $442.77 million for the quarter, compared to analyst estimates of $420.61 million. During the same period last year, the firm posted ($0.10) EPS. Zeta Global’s quarterly revenue was up 43.6% on a year-over-year basis. Equities analysts predict that Zeta Global Holdings Corp. will post 0.21 EPS for the current fiscal year.

Insider Transactions at Zeta Global

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the transaction, the director owned 50,350 shares of the company’s stock, valued at approximately $1,001,461.50. The trade was a 12.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.74% of the stock is currently 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.