Stanley Laman Group Ltd. Makes New $2.83 Million Investment in Zeta Global Holdings Corp. $ZETA

Key Points

• Stanley Laman Group Ltd. purchased a new stake of 142,615 shares in Zeta Global valued at approximately $2.83 million, representing about 0.06% of the company.
• Analysts have recently lifted price targets and the stock holds an average rating of "Moderate Buy" with an average target near $27.25.
• Director Jeanine Silberblatt sold 12,990 shares for roughly $251,227 (an 18.3% reduction in her position), while institutional investors own about 87.8% of Zeta's shares.

Stanley Laman Group Ltd. purchased a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 142,615 shares of the company's stock, valued at approximately $2,834,000. Stanley Laman Group Ltd. owned about 0.06% of Zeta Global as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Palouse Capital Management Inc. raised its holdings in Zeta Global by 6.1% in the 2nd quarter. Palouse Capital Management Inc. now owns 10,794 shares of the company's stock valued at $167,000 after buying an additional 619 shares during the period. Advisors Asset Management Inc. increased its position in shares of Zeta Global by 15.3% during the second quarter. Advisors Asset Management Inc. now owns 5,281 shares of the company's stock valued at $82,000 after acquiring an additional 702 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Zeta Global by 1.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 63,330 shares of the company's stock valued at $981,000 after acquiring an additional 804 shares during the period. Blue Trust Inc. raised its stake in shares of Zeta Global by 3.6% in the 3rd quarter. Blue Trust Inc. now owns 25,075 shares of the company's stock valued at $498,000 after acquiring an additional 877 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Zeta Global by 5.9% in the 2nd quarter. M&T Bank Corp now owns 17,086 shares of the company's stock worth $264,000 after acquiring an additional 959 shares during the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ZETA. Bank of America lifted their target price on shares of Zeta Global from $28.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, November 25th. B. Riley raised their price target on Zeta Global from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, November 25th. DA Davidson reaffirmed a "buy" rating and issued a $27.00 price objective on shares of Zeta Global in a research note on Monday, November 24th. Morgan Stanley increased their target price on Zeta Global from $21.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 26th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $23.00 target price on shares of Zeta Global in a report on Thursday, November 6th. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Zeta Global currently has an average rating of "Moderate Buy" and an average price target of $27.25.

Insider Transactions at Zeta Global

In other news, Director Jeanine Silberblatt sold 12,990 shares of Zeta Global 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 owned 57,850 shares in the company, valued at approximately $1,118,819. This trade represents a 18.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.02% of the stock is owned by corporate insiders.

Zeta Global Trading Down 2.2%

NYSE:ZETA opened at $19.91 on Monday. The firm has a market cap of $4.79 billion, a PE ratio of -165.89, a price-to-earnings-growth ratio of 2.11 and a beta of 1.26. The stock has a fifty day moving average price of $18.59 and a 200 day moving average price of $18.16. Zeta Global Holdings Corp. has a 12-month low of $10.69 and a 12-month high of $26.60. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.29.

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.

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