Summit Creek Advisors LLC Decreases Stake in Zeta Global Holdings Corp. $ZETA

Summit Creek Advisors LLC lessened its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 20.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 648,403 shares of the company’s stock after selling 163,779 shares during the quarter. Zeta Global comprises 2.1% of Summit Creek Advisors LLC’s portfolio, making the stock its 22nd largest holding. Summit Creek Advisors LLC’s holdings in Zeta Global were worth $13,195,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in ZETA. Advisors Asset Management Inc. raised its position in shares of Zeta Global by 34.2% during the 1st quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company’s stock worth $62,000 after acquiring an additional 1,168 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Zeta Global by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,371 shares of the company’s stock worth $1,442,000 after acquiring an additional 4,631 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Zeta Global during the 1st quarter worth about $205,000. Woodline Partners LP acquired a new stake in shares of Zeta Global during the 1st quarter worth about $222,000. Finally, Strs Ohio acquired a new stake in shares of Zeta Global during the 1st quarter worth about $117,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ZETA. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research report on Monday, April 20th. The Goldman Sachs Group raised their target price on Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada raised their target price on Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. B. Riley Financial reissued a “buy” rating on shares of Zeta Global in a research report on Friday, May 1st. Finally, KeyCorp raised Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 target price on the stock in a research report on Tuesday, April 28th. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.83.

Zeta Global Trading Up 0.1%

NYSE:ZETA opened at $18.32 on Thursday. The firm has a market cap of $4.47 billion, a P/E ratio of -166.56, a PEG ratio of 2.75 and a beta of 1.29. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The stock’s 50 day simple moving average is $16.98 and its 200-day simple moving average is $18.17. Zeta Global Holdings Corp. has a 12-month low of $12.10 and a 12-month high of $24.90.

Zeta Global (NYSE:ZETA) last released its earnings results on Tuesday, February 24th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $394.64 million for the quarter, compared to analyst estimates of $378.09 million. Zeta Global had a positive return on equity of 2.91% and a negative net margin of 1.62%.The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. Equities analysts anticipate that Zeta Global Holdings Corp. will post 0.21 EPS for the current year.

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.