Armistice Capital LLC Buys 116,140 Shares of Zeta Global Holdings Corp. $ZETA

Armistice Capital LLC grew its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 37.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 428,229 shares of the company’s stock after acquiring an additional 116,140 shares during the quarter. Armistice Capital LLC owned about 0.18% of Zeta Global worth $8,714,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ZETA. Cornerstone Planning Group LLC boosted its position in shares of Zeta Global by 3,150.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock valued at $26,000 after buying an additional 1,260 shares during the last quarter. DV Equities LLC purchased a new position in Zeta Global in the fourth quarter worth about $29,000. Binnacle Investments Inc purchased a new position in Zeta Global in the third quarter worth about $30,000. United Community Bank purchased a new position in Zeta Global in the fourth quarter worth about $31,000. Finally, National Bank of Canada FI lifted its position in shares of Zeta Global by 223.1% during the 3rd quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock valued at $36,000 after buying an additional 1,267 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ZETA shares. Bank of America began coverage on Zeta Global in a research report on Tuesday, May 19th. They set a “buy” rating and a $24.00 price objective on the stock. DA Davidson lifted their price objective on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. B. Riley Financial reaffirmed a “buy” rating on shares of Zeta Global in a research note on Friday, May 1st. Royal Bank Of Canada boosted their target price on Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Finally, Wall Street Zen downgraded Zeta Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.83.

Zeta Global Trading Down 6.0%

Shares of NYSE ZETA opened at $18.54 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market capitalization of $4.62 billion, a P/E ratio of -168.56, a price-to-earnings-growth ratio of 3.07 and a beta of 1.34. Zeta Global Holdings Corp. has a 1-year low of $12.39 and a 1-year high of $25.95. The business has a fifty day moving average price of $18.66 and a 200 day moving average price of $18.54.

Insider Buying and Selling at Zeta Global

In related news, Director Jeanine Silberblatt sold 7,500 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 50,350 shares in the company, valued at $1,001,461.50. This represents a 12.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 10.74% of the stock is owned by company insiders.

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.