CastleKnight Management LP Sells 100,000 Shares of Zeta Global Holdings Corp. $ZETA

CastleKnight Management LP decreased its position in Zeta Global Holdings Corp. (NYSE:ZETA) by 26.2% during the 4th quarter, Holdings Channel reports. The firm owned 281,100 shares of the company’s stock after selling 100,000 shares during the period. CastleKnight Management LP’s holdings in Zeta Global were worth $5,720,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Contour Asset Management LLC grew its holdings in shares of Zeta Global by 26.3% in the fourth quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock worth $227,159,000 after purchasing an additional 2,327,907 shares during the last quarter. Boothbay Fund Management LLC bought a new position in shares of Zeta Global in the fourth quarter worth approximately $1,211,000. Armistice Capital LLC grew its holdings in shares of Zeta Global by 37.2% in the fourth quarter. Armistice Capital LLC now owns 428,229 shares of the company’s stock worth $8,714,000 after purchasing an additional 116,140 shares during the last quarter. Freestone Grove Partners LP bought a new position in shares of Zeta Global in the fourth quarter worth approximately $215,000. Finally, Pennington Partners & CO. LLC bought a new position in shares of Zeta Global in the fourth quarter worth approximately $1,341,000. Institutional investors own 87.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ZETA shares. B. Riley Financial restated a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. DA Davidson raised their target price on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Royal Bank Of Canada raised their target price on shares of Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a report on Monday, April 20th. Finally, Bank of America assumed coverage on Zeta Global in a research note on Tuesday, May 19th. They issued a “buy” rating and a $24.00 price target for the company. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Zeta Global has a consensus rating of “Moderate Buy” and an average price target of $27.83.

Insider Buying and Selling

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the transaction, the director owned 50,350 shares of the company’s stock, valued at approximately $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 can be accessed through this link. 10.74% of the stock is owned by insiders.

Zeta Global Stock Performance

Shares of ZETA stock opened at $18.54 on Thursday. The stock has a fifty day moving average of $18.66 and a 200 day moving average of $18.54. Zeta Global Holdings Corp. has a 52 week low of $12.39 and a 52 week high of $25.95. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of -168.56, a PEG ratio of 3.07 and a beta of 1.34. The company has a quick ratio of 2.07, a current 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.