Armistice Capital LLC Boosts Stake in Zeta Global Holdings Corp. $ZETA

Armistice Capital LLC raised its holdings in Zeta Global Holdings Corp. (NYSE:ZETA) by 37.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 428,229 shares of the company’s stock after purchasing an additional 116,140 shares during the period. Armistice Capital LLC’s holdings in Zeta Global were worth $8,714,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZETA. Mackenzie Financial Corp grew its stake in shares of Zeta Global by 4.8% in the third quarter. Mackenzie Financial Corp now owns 12,195 shares of the company’s stock valued at $242,000 after buying an additional 560 shares in the last quarter. Verus Capital Partners LLC lifted its holdings in Zeta Global by 1.2% during the 4th quarter. Verus Capital Partners LLC now owns 49,100 shares of the company’s stock worth $999,000 after buying an additional 600 shares during the last quarter. SlateStone Wealth LLC lifted its holdings in Zeta Global by 3.9% during the 4th quarter. SlateStone Wealth LLC now owns 19,801 shares of the company’s stock worth $403,000 after buying an additional 750 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Zeta Global by 6.5% during the 3rd quarter. Principal Financial Group Inc. now owns 14,264 shares of the company’s stock worth $283,000 after buying an additional 874 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in Zeta Global by 5.9% during the 2nd quarter. M&T Bank Corp now owns 17,086 shares of the company’s stock worth $264,000 after buying an additional 959 shares during the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Insiders Place Their Bets

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the firm’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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 10.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ZETA. B. Riley Financial reissued a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. KeyCorp upgraded 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. Wall Street Zen downgraded Zeta Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. DA Davidson upped their price target on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a report on Monday, April 20th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Zeta Global has an average rating of “Moderate Buy” and an average target price of $27.83.

Zeta Global Stock Performance

NYSE ZETA opened at $18.54 on Thursday. The business’s 50-day moving average price is $18.66 and its 200 day moving average price is $18.54. Zeta Global Holdings Corp. has a twelve month low of $12.39 and a twelve month high of $25.95. The company has a market capitalization of $4.62 billion, a PE ratio of -168.56, a price-to-earnings-growth ratio of 3.07 and a beta of 1.34. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22.

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.