Penn Capital Management Company LLC Invests $15.57 Million in Zeta Global Holdings Corp. $ZETA

Penn Capital Management Company LLC acquired a new stake in Zeta Global Holdings Corp. (NYSE:ZETA) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 781,686 shares of the company’s stock, valued at approximately $15,570,000. Penn Capital Management Company LLC owned approximately 0.32% of Zeta Global as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZETA. Disciplined Growth Investors Inc. MN acquired a new position in Zeta Global during the third quarter worth about $121,502,000. Greenvale Capital LLP boosted its stake in shares of Zeta Global by 178.0% in the 2nd quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company’s stock valued at $107,674,000 after purchasing an additional 4,451,181 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Zeta Global by 857.2% during the 2nd quarter. Marshall Wace LLP now owns 2,679,321 shares of the company’s stock valued at $41,503,000 after purchasing an additional 2,399,408 shares during the last quarter. Norges Bank bought a new stake in shares of Zeta Global during the 2nd quarter valued at approximately $33,474,000. Finally, Stephens Investment Management Group LLC increased its position in Zeta Global by 92.8% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,802,642 shares of the company’s stock worth $35,818,000 after purchasing an additional 867,540 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.

Wall Street Analyst Weigh In

ZETA has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating on shares of Zeta Global in a research note on Tuesday, November 25th. Bank of America upped their price target on shares of Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. UBS Group set a $29.00 price target on Zeta Global in a research note on Tuesday, November 25th. William Blair reissued an “outperform” rating on shares of Zeta Global in a report on Monday, November 24th. Finally, The Goldman Sachs Group boosted their price objective on Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Zeta Global presently has an average rating of “Moderate Buy” and an average target price of $29.00.

Zeta Global Stock Up 0.8%

Shares of NYSE:ZETA opened at $18.06 on Wednesday. The firm has a market cap of $4.41 billion, a P/E ratio of -120.37, a P/E/G ratio of 2.10 and a beta of 1.28. Zeta Global Holdings Corp. has a 12-month low of $10.69 and a 12-month high of $24.90. The business has a fifty day simple moving average of $18.73 and a 200 day simple moving average of $18.99. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.24.

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.