Peregrine Capital Management LLC Acquires New Stake in Zeta Global Holdings Corp. $ZETA

Peregrine Capital Management LLC bought a new position in Zeta Global Holdings Corp. (NYSE:ZETA) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 505,379 shares of the company’s stock, valued at approximately $10,042,000. Peregrine Capital Management LLC owned about 0.21% of Zeta Global at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC grew its stake in shares of Zeta Global by 536.7% during the 3rd quarter. SG Americas Securities LLC now owns 93,216 shares of the company’s stock worth $1,852,000 after acquiring an additional 78,575 shares during the period. RPG Investment Advisory LLC purchased a new stake in Zeta Global during the third quarter valued at about $11,778,000. D.A. Davidson & CO. boosted its position in Zeta Global by 1.2% during the third quarter. D.A. Davidson & CO. now owns 66,462 shares of the company’s stock worth $1,321,000 after purchasing an additional 799 shares during the period. Stanley Laman Group Ltd. purchased a new position in shares of Zeta Global in the third quarter worth about $2,834,000. Finally, Global Retirement Partners LLC raised its position in shares of Zeta Global by 78.9% in the third quarter. Global Retirement Partners LLC now owns 7,485 shares of the company’s stock valued at $149,000 after purchasing an additional 3,302 shares during the period. 87.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ZETA. B. Riley raised their price objective on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. DA Davidson reiterated a “buy” rating and set a $27.00 price objective on shares of Zeta Global in a research note on Monday, November 24th. UBS Group set a $29.00 target price on Zeta Global in a research note on Tuesday, November 25th. Truist Financial upped their price target on Zeta Global from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $23.00 price objective on shares of Zeta Global in a research report on Thursday, November 6th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.25.

Insider Transactions at Zeta Global

In other news, Director Jeanine Silberblatt sold 12,990 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $19.34, for a total value of $251,226.60. Following the completion of the transaction, the director directly owned 57,850 shares in the company, valued at approximately $1,118,819. This represents a 18.34% decrease in their position. 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 company insiders.

Zeta Global Price Performance

ZETA stock opened at $23.65 on Friday. The firm has a 50 day simple moving average of $19.00 and a two-hundred day simple moving average of $18.36. The stock has a market cap of $5.69 billion, a PE ratio of -197.08, a P/E/G ratio of 2.46 and a beta of 1.26. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $26.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.01 and a quick ratio of 3.01.

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.