P2 Capital Partners LLC Invests $34.60 Million in Zeta Global Holdings Corp. $ZETA

P2 Capital Partners LLC bought a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,700,000 shares of the company’s stock, valued at approximately $34,595,000. Zeta Global comprises approximately 8.9% of P2 Capital Partners LLC’s portfolio, making the stock its 5th biggest position. P2 Capital Partners LLC owned approximately 0.71% of Zeta Global at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp raised its position in shares of Zeta Global by 4.8% during the third quarter. Mackenzie Financial Corp now owns 12,195 shares of the company’s stock worth $242,000 after acquiring an additional 560 shares during the last quarter. Verus Capital Partners LLC raised its position in shares of Zeta Global by 1.2% during the fourth quarter. Verus Capital Partners LLC now owns 49,100 shares of the company’s stock worth $999,000 after acquiring an additional 600 shares during the last quarter. SlateStone Wealth LLC raised its position in shares of Zeta Global by 3.9% during the fourth quarter. SlateStone Wealth LLC now owns 19,801 shares of the company’s stock worth $403,000 after acquiring an additional 750 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Zeta Global by 6.5% during the third quarter. Principal Financial Group Inc. now owns 14,264 shares of the company’s stock worth $283,000 after acquiring an additional 874 shares during the last quarter. Finally, M&T Bank Corp raised its position in shares of Zeta Global by 5.9% during the second quarter. M&T Bank Corp now owns 17,086 shares of the company’s stock worth $264,000 after acquiring an additional 959 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

Insider Transactions at Zeta Global

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 50,350 shares of the company’s stock, valued at approximately $1,001,461.50. The trade was a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.74% of the company’s stock.

Zeta Global Stock Up 0.2%

Shares of Zeta Global stock opened at $19.81 on Wednesday. The company has a quick ratio of 2.07, a current 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 business has a fifty day simple moving average of $18.60 and a 200 day simple moving average of $18.54. The stock has a market cap of $4.94 billion, a PE ratio of -180.08, a price-to-earnings-growth ratio of 3.08 and a beta of 1.34.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ZETA. KeyCorp raised Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research note on Tuesday, April 28th. Wall Street Zen cut Zeta Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a research note on Monday, April 20th. Bank of America began coverage on Zeta Global in a research note on Tuesday, May 19th. They set a “buy” rating and a $24.00 price objective for the company. Finally, 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. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.83.

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.