Summit Creek Advisors LLC Acquires 2,627 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Summit Creek Advisors LLC grew its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 0.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 784,226 shares of the company’s stock after purchasing an additional 2,627 shares during the quarter. Zeta Global comprises 1.9% of Summit Creek Advisors LLC’s portfolio, making the stock its 27th biggest holding. Summit Creek Advisors LLC’s holdings in Zeta Global were worth $14,108,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ZETA. Rakuten Securities Inc. acquired a new position in shares of Zeta Global in the 4th quarter valued at approximately $27,000. SBI Securities Co. Ltd. acquired a new position in shares of Zeta Global in the 4th quarter valued at approximately $33,000. Advisors Asset Management Inc. raised its position in shares of Zeta Global by 104.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after buying an additional 1,136 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Zeta Global in the 4th quarter valued at approximately $66,000. Finally, IFP Advisors Inc acquired a new position in shares of Zeta Global in the 4th quarter valued at approximately $72,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Trading Down 0.2 %

NYSE:ZETA opened at $14.40 on Monday. The firm’s fifty day moving average is $18.31 and its 200-day moving average is $22.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. Zeta Global Holdings Corp. has a 52 week low of $10.30 and a 52 week high of $38.20. The firm has a market cap of $3.42 billion, a P/E ratio of -20.56, a P/E/G ratio of 1.65 and a beta of 1.18.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ZETA. B. Riley restated a “buy” rating and issued a $44.00 target price on shares of Zeta Global in a research report on Wednesday, February 26th. The Goldman Sachs Group lowered their price objective on shares of Zeta Global from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 26th. Morgan Stanley upped their price objective on shares of Zeta Global from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $28.00 price objective on shares of Zeta Global in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Zeta Global has an average rating of “Moderate Buy” and an average target price of $36.86.

Zeta Global Profile

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.