Summit Creek Advisors LLC Sells 194,353 Shares of Zeta Global Holdings Corp. $ZETA

Summit Creek Advisors LLC reduced its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 19.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 812,182 shares of the company’s stock after selling 194,353 shares during the quarter. Zeta Global makes up about 2.4% of Summit Creek Advisors LLC’s holdings, making the stock its 17th largest position. Summit Creek Advisors LLC owned about 0.34% of Zeta Global worth $16,138,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ZETA. Palouse Capital Management Inc. raised its holdings in shares of Zeta Global by 6.1% in the 2nd quarter. Palouse Capital Management Inc. now owns 10,794 shares of the company’s stock worth $167,000 after purchasing an additional 619 shares during the period. Advisors Asset Management Inc. increased its position in Zeta Global by 15.3% in the second quarter. Advisors Asset Management Inc. now owns 5,281 shares of the company’s stock worth $82,000 after buying an additional 702 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of Zeta Global by 1.2% in the third quarter. D.A. Davidson & CO. now owns 66,462 shares of the company’s stock valued at $1,321,000 after buying an additional 799 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Zeta Global by 1.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 63,330 shares of the company’s stock valued at $981,000 after buying an additional 804 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Zeta Global by 3.6% during the 3rd quarter. Blue Trust Inc. now owns 25,075 shares of the company’s stock worth $498,000 after acquiring an additional 877 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Analyst Upgrades and Downgrades

ZETA has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating on shares of Zeta Global in a research report on Tuesday, November 25th. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a report on Monday, November 24th. Morgan Stanley boosted their target price on shares of Zeta Global from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, November 26th. Truist Financial raised their price target on Zeta Global from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Canaccord Genuity Group lifted their price target on Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.25.

Zeta Global Stock Performance

NYSE ZETA opened at $24.42 on Monday. The company’s 50 day simple moving average is $19.13 and its two-hundred day simple moving average is $18.46. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.01 and a quick ratio of 3.01. Zeta Global Holdings Corp. has a 1 year low of $10.69 and a 1 year high of $26.60. The stock has a market capitalization of $5.88 billion, a PE ratio of -203.50, a P/E/G ratio of 2.59 and a beta of 1.26.

Insider Activity

In related news, Director Jeanine Silberblatt sold 12,990 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $19.34, for a total value of $251,226.60. Following the sale, the director owned 57,850 shares in the company, valued at approximately $1,118,819. This trade represents a 18.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 13.02% of the company’s stock.

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.