Granite Investment Partners LLC Sells 42,880 Shares of Zeta Global Holdings Corp. $ZETA

Granite Investment Partners LLC decreased its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 700,167 shares of the company’s stock after selling 42,880 shares during the quarter. Granite Investment Partners LLC owned approximately 0.29% of Zeta Global worth $11,147,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ZETA. Cornerstone Planning Group LLC raised its position in Zeta Global by 3,150.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock valued at $26,000 after purchasing an additional 1,260 shares during the last quarter. DV Equities LLC bought a new stake in shares of Zeta Global during the fourth quarter worth about $29,000. United Community Bank acquired a new position in shares of Zeta Global in the fourth quarter valued at approximately $31,000. Binnacle Investments Inc acquired a new position in shares of Zeta Global in the third quarter valued at approximately $30,000. Finally, National Bank of Canada FI increased its stake in shares of Zeta Global by 223.1% in the third 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 during the period. Institutional investors own 87.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. KeyCorp upgraded shares of 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. B. Riley Financial restated a “buy” rating on shares of Zeta Global in a research report on Friday, May 1st. DA Davidson reaffirmed a “buy” rating and set a $30.00 price target on shares of Zeta Global in a research note on Wednesday, June 24th. Royal Bank Of Canada lifted 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. Finally, Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Zeta Global has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

Zeta Global Price Performance

Zeta Global stock opened at $21.61 on Thursday. The stock’s 50 day moving average is $19.57 and its 200 day moving average is $18.70. Zeta Global Holdings Corp. has a one year low of $13.74 and a one year high of $25.95. The firm has a market cap of $5.39 billion, a P/E ratio of -196.43, a P/E/G ratio of 3.23 and a beta of 1.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07.

Insider Transactions at Zeta Global

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the transaction, the director owned 50,350 shares in the company, valued at approximately $1,001,461.50. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.74% of the company’s stock.

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.