Granahan Investment Management LLC Purchases 491,643 Shares of Zeta Global Holdings Corp. $ZETA

Key Points

• Granahan Investment Management increased its Zeta Global stake by 65.3% in Q3, buying 491,643 shares to hold 1,244,466 shares (about $24.7M, ~0.52% of the company).
• Overall institutional ownership is high at 87.75%, with other large moves including Greenvale Capital up 178% to 6.95M shares (~$107.7M) and Disciplined Growth Investors initiating a ~$121.5M stake.
• Analysts are generally positive—average rating is a "Moderate Buy" with an average target of $29 (nine Buys, three Holds, one Sell); ZETA trades around $17.82 with a 52‑week range of $10.69–$24.90 and a negative P/E.

Granahan Investment Management LLC increased its position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 65.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,244,466 shares of the company's stock after buying an additional 491,643 shares during the period. Granahan Investment Management LLC owned about 0.52% of Zeta Global worth $24,728,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ZETA. Greenvale Capital LLP raised its holdings in Zeta Global by 178.0% during the second quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company's stock valued at $107,674,000 after acquiring an additional 4,451,181 shares during the period. Disciplined Growth Investors Inc. MN purchased a new stake in shares of Zeta Global during the third quarter worth about $121,502,000. Capital World Investors grew its position in shares of Zeta Global by 0.9% during the third quarter. Capital World Investors now owns 4,979,853 shares of the company's stock worth $98,950,000 after purchasing an additional 44,903 shares in the last quarter. Geode Capital Management LLC raised its stake in Zeta Global by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,835,620 shares of the company's stock valued at $74,913,000 after purchasing an additional 174,972 shares during the period. Finally, State Street Corp lifted its holdings in Zeta Global by 4.8% in the 2nd quarter. State Street Corp now owns 4,671,750 shares of the company's stock worth $72,365,000 after purchasing an additional 215,932 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company's stock.

Zeta Global Stock Down 1.3%

NYSE ZETA opened at $17.82 on Monday. The stock has a 50 day moving average price of $18.92 and a 200-day moving average price of $19.02. Zeta Global Holdings Corp. has a one year low of $10.69 and a one year high of $24.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market capitalization of $4.35 billion, a P/E ratio of -118.77, a P/E/G ratio of 2.09 and a beta of 1.28.

Wall Street Analyst Weigh In

ZETA has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of Zeta Global from $23.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, January 28th. William Blair restated an "outperform" rating on shares of Zeta Global in a research report on Monday, November 24th. Bank of America raised their target price on shares of Zeta Global from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, November 25th. DA Davidson boosted their price target on shares of Zeta Global from $29.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. Finally, B. Riley Financial increased their price objective on shares of Zeta Global from $29.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, November 25th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $29.00.

Zeta Global 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.

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