Vanguard Group Inc. Cuts Position in Zeta Global Holdings Corp. $ZETA

Vanguard Group Inc. reduced its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 11.3% during the third quarter, HoldingsChannel.com reports. The fund owned 21,725,597 shares of the company’s stock after selling 2,781,166 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Zeta Global worth $431,688,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Golden State Wealth Management LLC boosted its holdings in shares of Zeta Global by 2,000.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 1,680 shares of the company’s stock worth $26,000 after buying an additional 1,600 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Zeta Global by 124.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,842 shares of the company’s stock valued at $37,000 after acquiring an additional 1,023 shares during the period. Game Plan Financial Advisors LLC bought a new stake in shares of Zeta Global in the 3rd quarter worth approximately $55,000. Traub Capital Management LLC bought a new stake in shares of Zeta Global in the 2nd quarter worth approximately $50,000. Finally, SBI Securities Co. Ltd. grew its holdings in Zeta Global by 58.3% during the second quarter. SBI Securities Co. Ltd. now owns 3,368 shares of the company’s stock valued at $52,000 after purchasing an additional 1,241 shares during the period. Institutional investors own 87.75% of the company’s stock.

Insider Transactions at Zeta Global

In other Zeta Global news, Director Jeanine Silberblatt sold 12,990 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $19.34, for a total value of $251,226.60. Following the completion of the transaction, the director owned 57,850 shares of the company’s stock, valued at $1,118,819. The trade was a 18.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.02% of the stock is currently owned by insiders.

Zeta Global Price Performance

Shares of NYSE ZETA opened at $17.85 on Thursday. The stock’s 50-day simple moving average is $19.22 and its two-hundred day simple moving average is $19.07. Zeta Global Holdings Corp. has a twelve month low of $10.69 and a twelve month high of $24.90. The firm has a market capitalization of $4.29 billion, a P/E ratio of -118.99, a P/E/G ratio of 1.75 and a beta of 1.26. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.29.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ZETA shares. B. Riley Financial boosted their target price on Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Needham & Company LLC restated a “buy” rating on shares of Zeta Global in a research note on Tuesday, November 25th. Citigroup assumed coverage on shares of Zeta Global in a report on Friday, November 21st. They set a “buy” rating and a $26.00 target price on the stock. DA Davidson set a $29.00 price target on Zeta Global in a research report on Monday, January 12th. Finally, Morgan Stanley increased their price objective on Zeta Global from $23.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Zeta Global currently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

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.