Manatuck Hill Partners LLC Sells 100,000 Shares of Zeta Global Holdings Corp. $ZETA

Manatuck Hill Partners LLC lowered its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 14.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 605,000 shares of the company’s stock after selling 100,000 shares during the quarter. Zeta Global comprises approximately 4.3% of Manatuck Hill Partners LLC’s investment portfolio, making the stock its 2nd largest holding. Manatuck Hill Partners LLC’s holdings in Zeta Global were worth $12,312,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Zeta Global by 6.1% during the fourth quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock valued at $469,094,000 after acquiring an additional 1,325,717 shares in the last quarter. Contour Asset Management LLC increased its holdings in shares of Zeta Global by 26.3% during the fourth quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock valued at $227,159,000 after acquiring an additional 2,327,907 shares in the last quarter. Disciplined Growth Investors Inc. MN acquired a new position in Zeta Global in the 3rd quarter worth approximately $121,502,000. Goldman Sachs Group Inc. increased its holdings in Zeta Global by 13.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,582,446 shares of the company’s stock worth $113,603,000 after buying an additional 673,145 shares during the period. Finally, Capital World Investors increased its holdings in Zeta Global by 0.7% in the 4th quarter. Capital World Investors now owns 5,013,776 shares of the company’s stock worth $102,030,000 after buying an additional 33,923 shares during the period. Institutional investors and hedge funds own 87.75% of the company’s stock.

Insider Activity

In other news, Director Jeanine Silberblatt sold 7,500 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the transaction, the director owned 50,350 shares in the company, valued at $1,001,461.50. This trade represents a 12.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 10.74% of the stock is owned by company insiders.

Zeta Global Trading Down 6.0%

Zeta Global stock opened at $18.54 on Thursday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. Zeta Global Holdings Corp. has a 12 month low of $12.39 and a 12 month high of $25.95. The stock’s 50 day simple moving average is $18.66 and its two-hundred day simple moving average is $18.54. The firm has a market cap of $4.62 billion, a PE ratio of -168.56, a P/E/G ratio of 3.07 and a beta of 1.34.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ZETA. B. Riley Financial reiterated a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. DA Davidson increased their price target on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a report on Monday, April 20th. KeyCorp upgraded shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a report on Tuesday, April 28th. Finally, Royal Bank Of Canada increased their price target on shares of Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.83.

Zeta Global Company 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.