X Square Capital LLC Buys Shares of 50,000 Zeta Global Holdings Corp. $ZETA

X Square Capital LLC bought a new stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 50,000 shares of the company’s stock, valued at approximately $994,000.

Several other hedge funds have also made changes to their positions in the stock. Hillsdale Investment Management Inc. grew its stake in Zeta Global by 4.2% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 207,950 shares of the company’s stock worth $4,132,000 after buying an additional 8,300 shares during the last quarter. Fortis Group Advisors LLC purchased a new position in shares of Zeta Global in the third quarter worth approximately $1,434,000. GSA Capital Partners LLP lifted its position in shares of Zeta Global by 186.4% in the 3rd quarter. GSA Capital Partners LLP now owns 78,769 shares of the company’s stock valued at $1,565,000 after acquiring an additional 51,267 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new position in Zeta Global during the 3rd quarter worth approximately $2,311,000. Finally, Essex Investment Management Co. LLC raised its stake in Zeta Global by 3.7% during the 3rd quarter. Essex Investment Management Co. LLC now owns 123,944 shares of the company’s stock valued at $2,463,000 after purchasing an additional 4,423 shares during the period. Institutional investors own 87.75% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ZETA. The Goldman Sachs Group lifted their price target on Zeta Global from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Morgan Stanley upped their target price on Zeta Global from $23.00 to $27.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Citigroup initiated coverage on shares of Zeta Global in a research note on Friday, November 21st. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, William Blair restated an “outperform” rating on shares of Zeta Global in a report on Monday, November 24th. Nine research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Zeta Global has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Insider Buying and Selling

In other Zeta Global news, Director Jeanine Silberblatt sold 12,990 shares of Zeta Global stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $19.34, for a total transaction of $251,226.60. Following the sale, the director directly owned 57,850 shares of the company’s stock, valued at approximately $1,118,819. The trade was a 18.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.02% of the stock is currently owned by corporate insiders.

Zeta Global Trading Up 4.2%

Shares of ZETA stock opened at $16.34 on Monday. The firm has a fifty day moving average of $19.28 and a 200-day moving average of $19.13. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of -136.11, a P/E/G ratio of 1.68 and a beta of 1.26. Zeta Global Holdings Corp. has a 52-week low of $10.69 and a 52-week high of $24.90. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.01 and a current ratio of 3.01.

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.