133,744 Zeta Global Holdings Corp. $ZETA Shares Sold by Summit Creek Advisors LLC

Summit Creek Advisors LLC lessened its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 41.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 188,304 shares of the company’s stock after selling 133,744 shares during the quarter. Zeta Global accounts for about 2.4% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Summit Creek Advisors LLC owned approximately 0.08% of Zeta Global worth $5,945,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ZETA. Bank of America Corp DE lifted its position in Zeta Global by 47.7% during the first quarter. Bank of America Corp DE now owns 3,853,723 shares of the company’s stock valued at $61,351,000 after buying an additional 1,244,057 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Zeta Global by 75.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,864,071 shares of the company’s stock worth $45,583,000 after acquiring an additional 1,234,412 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Zeta Global by 7,696.7% in the 1st quarter. Principal Financial Group Inc. now owns 868,239 shares of the company’s stock valued at $13,822,000 after acquiring an additional 857,103 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Zeta Global by 2.3% in the 1st quarter. Bank of New York Mellon Corp now owns 830,888 shares of the company’s stock valued at $13,228,000 after acquiring an additional 18,550 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Zeta Global by 69.8% in the 1st quarter. Royal Bank of Canada now owns 558,179 shares of the company’s stock valued at $8,887,000 after acquiring an additional 229,533 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Wall Street Analyst Weigh In

ZETA has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research report on Thursday, October 15th. DA Davidson increased their price target on Zeta Global from $36.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. Bank of America raised their price objective on Zeta Global from $29.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Needham & Company LLC boosted their price objective on Zeta Global from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Finally, KeyCorp upped their target price on Zeta Global from $27.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, October 9th. Twelve investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.06.

Zeta Global Stock Up 5.3%

Shares of NYSE:ZETA opened at $31.03 on Friday. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of -1,551.65, a price-to-earnings-growth ratio of 4.38 and a beta of 1.25. The company has a 50 day moving average of $31.68 and a two-hundred day moving average of $22.77. Zeta Global Holdings Corp. has a 52-week low of $14.36 and a 52-week high of $35.75. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21.

About Zeta Global

Zeta Global is a marketing technology company that helps businesses use consumer data and artificial intelligence to plan and deliver digital marketing. Its platform combines data, analytics and campaign tools to help organizations identify audiences and engage customers throughout the marketing lifecycle.

The company’s products support marketing activities such as customer acquisition, engagement and retention across channels including email, mobile, social media and the web. Zeta’s offerings include its Zeta Marketing Platform and the Zeta Data Cloud, which help clients manage audience insights and coordinate campaigns.

Founded in 2007 and headquartered in New York, Zeta Global serves businesses in multiple markets.