Bastion Asset Management Inc. Takes $1.65 Million Position in Zeta Global Holdings Corp. $ZETA

Bastion Asset Management Inc. bought a new position in Zeta Global Holdings Corp. (NYSE:ZETA) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 105,603 shares of the company’s stock, valued at approximately $1,654,000.

Several other hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp raised its holdings in Zeta Global by 4.8% during the 3rd quarter. Mackenzie Financial Corp now owns 12,195 shares of the company’s stock valued at $242,000 after buying an additional 560 shares during the last quarter. Verus Capital Partners LLC increased its position in shares of Zeta Global by 1.2% in the fourth quarter. Verus Capital Partners LLC now owns 49,100 shares of the company’s stock valued at $999,000 after acquiring an additional 600 shares during the period. SlateStone Wealth LLC increased its position in shares of Zeta Global by 3.9% in the fourth quarter. SlateStone Wealth LLC now owns 19,801 shares of the company’s stock valued at $403,000 after acquiring an additional 750 shares during the period. Hsbc Holdings PLC raised its stake in shares of Zeta Global by 2.3% during the fourth quarter. Hsbc Holdings PLC now owns 34,938 shares of the company’s stock valued at $724,000 after acquiring an additional 793 shares during the last quarter. Finally, M&T Bank Corp raised its stake in shares of Zeta Global by 5.9% during the second quarter. M&T Bank Corp now owns 17,086 shares of the company’s stock valued at $264,000 after acquiring an additional 959 shares during the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Zeta Global

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 shares were 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 in the company, valued at $1,001,461.50. This trade represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 10.74% of the stock is currently owned by insiders.

Zeta Global Trading Down 4.8%

Shares of ZETA opened at $21.34 on Friday. The firm’s 50-day moving average price is $20.08 and its 200-day moving average price is $18.82. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of -193.95, a PEG ratio of 3.31 and a beta of 1.37. 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 Holdings Corp. has a 1-year low of $14.36 and a 1-year high of $25.95.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ZETA shares. Freedom Capital raised Zeta Global to a “strong-buy” rating in a research note on Monday, June 29th. The Goldman Sachs Group set a $28.00 price target on Zeta Global and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a report on Monday, April 20th. Royal Bank Of Canada lifted their price objective on Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, DA Davidson reissued a “buy” rating and set a $30.00 target price 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 issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Zeta Global currently has a consensus rating of “Moderate Buy” and an average price target of $28.33.

About Zeta Global

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.