Lazard Asset Management LLC Trims Holdings in Zeta Global Holdings Corp. $ZETA

Lazard Asset Management LLC decreased its position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 18.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 961,608 shares of the company’s stock after selling 217,964 shares during the period. Lazard Asset Management LLC’s holdings in Zeta Global were worth $15,309,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ZETA. Cornerstone Planning Group LLC boosted its position in shares of Zeta Global by 3,150.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,260 shares during the period. DV Equities LLC purchased a new position in shares of Zeta Global during the 4th quarter valued at $29,000. Binnacle Investments Inc purchased a new position in shares of Zeta Global during the 3rd quarter valued at $30,000. United Community Bank bought a new position in Zeta Global in the 4th quarter worth $31,000. Finally, National Bank of Canada FI increased its stake in Zeta Global by 223.1% in the 3rd quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock worth $36,000 after buying an additional 1,267 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Trading Up 0.7%

ZETA opened at $22.04 on Thursday. The firm has a market cap of $5.49 billion, a P/E ratio of -200.32, a P/E/G ratio of 3.24 and a beta of 1.37. Zeta Global Holdings Corp. has a 12 month low of $14.36 and a 12 month high of $25.95. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $20.72 and a 200 day moving average of $18.78.

Wall Street Analyst Weigh In

ZETA has been the topic of a number of recent analyst reports. B. Riley Financial reissued a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. The Goldman Sachs Group set a $28.00 target price on Zeta Global and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. KeyCorp raised Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 target price on the stock in a research note on Tuesday, April 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a report on Friday, July 17th. Finally, DA Davidson restated a “buy” rating and issued a $30.00 price target on shares of Zeta Global in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

Insider Transactions at Zeta Global

In other news, Director Jeanine Silberblatt sold 7,500 shares of the firm’s 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 $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 is available at this link. 10.74% of the stock is currently owned by company insiders.

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.