Zeta Global Holdings Corp. $ZETA Shares Bought by Sei Investments Co.

Sei Investments Co. grew its stake in Zeta Global Holdings Corp. (NYSE:ZETA) by 51.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 553,693 shares of the company’s stock after buying an additional 188,699 shares during the quarter. Sei Investments Co.’s holdings in Zeta Global were worth $8,815,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mackenzie Financial Corp increased its stake in shares of Zeta Global by 4.8% during the third quarter. Mackenzie Financial Corp now owns 12,195 shares of the company’s stock worth $242,000 after buying an additional 560 shares during the period. Verus Capital Partners LLC grew its holdings in Zeta Global by 1.2% during the 4th quarter. Verus Capital Partners LLC now owns 49,100 shares of the company’s stock worth $999,000 after acquiring an additional 600 shares in the last quarter. SlateStone Wealth LLC grew its holdings in Zeta Global by 3.9% during the 4th quarter. SlateStone Wealth LLC now owns 19,801 shares of the company’s stock worth $403,000 after acquiring an additional 750 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Zeta Global by 2.3% in the 4th quarter. Hsbc Holdings PLC now owns 34,938 shares of the company’s stock valued at $724,000 after purchasing an additional 793 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its position in shares of Zeta Global by 66.7% in the 1st quarter. Cornerstone Planning Group LLC now owns 2,167 shares of the company’s stock valued at $34,000 after purchasing an additional 867 shares during the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group set a $28.00 price objective on shares of Zeta Global and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a report on Friday, July 17th. Freedom Capital raised Zeta Global to a “strong-buy” rating in a research report on Monday, June 29th. KeyCorp upgraded Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a report on Tuesday, April 28th. Finally, B. Riley Financial reissued a “buy” rating on shares of Zeta Global in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Zeta Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $21.60 on Friday. Zeta Global Holdings Corp. has a 12 month low of $14.36 and a 12 month high of $25.95. The firm has a market capitalization of $5.39 billion, a P/E ratio of -196.40, a P/E/G ratio of 3.19 and a beta of 1.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The company’s fifty day moving average price is $20.84 and its 200 day moving average price is $18.78.

Insider Activity

In other news, Director Jeanine Silberblatt sold 7,500 shares of Zeta Global stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the sale, the director owned 50,350 shares in the company, valued at approximately $1,001,461.50. The trade was a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.74% of the company’s stock.

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.