Granahan Investment Management LLC Raises Stock Position in Zeta Global Holdings Corp. $ZETA

Key Points

• Granahan Investment Management LLC increased its stake in Zeta Global Holdings Corp. by 28.6%, acquiring an additional 187,797 shares during the first quarter, bringing its total ownership to over 843,499 shares.
• Multiple analysts have recently upgraded their ratings and price targets for Zeta Global, with the consensus rating reflecting a "Moderate Buy" and an average target price of $30.14.
• Zeta Global's stock is currently trading around $18.69, showcasing a market cap of $4.45 billion and a notable PE ratio of -98.36.

Granahan Investment Management LLC boosted its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 28.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 843,499 shares of the company's stock after buying an additional 187,797 shares during the period. Granahan Investment Management LLC owned approximately 0.36% of Zeta Global worth $11,438,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ZETA. Bartlett & CO. Wealth Management LLC bought a new stake in Zeta Global during the first quarter valued at $27,000. Quarry LP lifted its stake in Zeta Global by 963.9% during the first quarter. Quarry LP now owns 2,181 shares of the company's stock worth $30,000 after purchasing an additional 1,976 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Zeta Global during the first quarter worth about $32,000. Point72 Hong Kong Ltd bought a new stake in Zeta Global during the fourth quarter worth about $33,000. Finally, CWM LLC lifted its stake in Zeta Global by 44.5% during the first quarter. CWM LLC now owns 4,106 shares of the company's stock worth $56,000 after purchasing an additional 1,264 shares during the last quarter. Institutional investors own 87.75% of the company's stock.

Zeta Global Stock Performance

Shares of NYSE:ZETA traded up $0.10 during midday trading on Tuesday, hitting $18.67. The company had a trading volume of 5,167,945 shares, compared to its average volume of 6,969,352. Zeta Global Holdings Corp. has a 12-month low of $10.69 and a 12-month high of $38.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.25 and a quick ratio of 3.25. The company has a market cap of $4.44 billion, a price-to-earnings ratio of -98.26 and a beta of 1.30. The company has a fifty day moving average of $17.13 and a two-hundred day moving average of $15.02.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. The Goldman Sachs Group lifted their price target on Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Canaccord Genuity Group boosted their price target on Zeta Global from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Morgan Stanley boosted their price target on Zeta Global from $15.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Zacks Research upgraded Zeta Global from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 27th. Finally, Bank of America boosted their price target on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $30.14.

About Zeta Global

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company's Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry's opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.