SG Americas Securities LLC Has $1.64 Million Holdings in Zeta Global Holdings Corp. $ZETA

SG Americas Securities LLC cut its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 56.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,095 shares of the company’s stock after selling 130,982 shares during the period. SG Americas Securities LLC’s holdings in Zeta Global were worth $1,641,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Disciplined Growth Investors Inc. MN bought a new position in Zeta Global during the third quarter valued at about $121,502,000. Contour Asset Management LLC boosted its stake in shares of Zeta Global by 26.3% during the 4th quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock worth $227,159,000 after acquiring an additional 2,327,907 shares in the last quarter. Norges Bank acquired a new position in shares of Zeta Global during the 4th quarter valued at about $46,975,000. M&T Bank Corp increased its holdings in shares of Zeta Global by 12,545.2% during the 4th quarter. M&T Bank Corp now owns 2,233,649 shares of the company’s stock valued at $45,455,000 after acquiring an additional 2,215,985 shares during the last quarter. Finally, Annex Advisory Services LLC acquired a new position in shares of Zeta Global during the 4th quarter valued at about $42,136,000. 87.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZETA has been the subject of several analyst reports. Bank of America boosted their target price on Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. KeyCorp upgraded 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. Freedom Capital raised shares of Zeta Global to a “strong-buy” rating in a research report on Monday. B. Riley Financial restated a “buy” rating on shares of Zeta Global in a research note on Friday, May 1st. Finally, DA Davidson restated a “buy” rating and issued a $30.00 price objective on shares of Zeta Global in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.33.

Insider Activity at Zeta Global

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 value of $149,175.00. Following the completion of the sale, the director directly owned 50,350 shares of the company’s stock, valued at approximately $1,001,461.50. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.74% of the stock is currently owned by company insiders.

Zeta Global Price Performance

NYSE ZETA opened at $20.75 on Friday. The stock has a 50-day simple moving average of $19.27 and a 200 day simple moving average of $18.59. Zeta Global Holdings Corp. has a twelve month low of $13.74 and a twelve month high of $25.95. The stock has a market capitalization of $5.17 billion, a PE ratio of -188.61, a P/E/G ratio of 3.08 and a beta of 1.37. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07.

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.