Zeta Global Holdings Corp. (NYSE:ZETA) Shares Bought by Summit Creek Advisors LLC

Key Points

• Summit Creek Advisors LLC increased its stake in Zeta Global Holdings Corp. by 33.6% during the first quarter, owning approximately $14.21 million worth of the stock.
• Several other institutional investors also raised their stakes in Zeta Global, leading to institutional investors owning 87.75% of the company's shares.
• Analysts have reduced their price targets for Zeta Global's stock, with consensus estimates indicating a price target of $30.36 and a current rating of "Moderate Buy."

Summit Creek Advisors LLC increased its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 33.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,047,677 shares of the company's stock after purchasing an additional 263,451 shares during the quarter. Zeta Global makes up 2.1% of Summit Creek Advisors LLC's holdings, making the stock its 25th largest position. Summit Creek Advisors LLC owned 0.44% of Zeta Global worth $14,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the stock. American Century Companies Inc. purchased a new stake in Zeta Global in the fourth quarter valued at about $331,000. KLP Kapitalforvaltning AS acquired a new position in shares of Zeta Global in the fourth quarter valued at about $729,000. LPL Financial LLC increased its holdings in shares of Zeta Global by 100.9% in the fourth quarter. LPL Financial LLC now owns 148,097 shares of the company's stock valued at $2,664,000 after purchasing an additional 74,396 shares during the period. Vanguard Group Inc. increased its holdings in shares of Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company's stock valued at $398,975,000 after purchasing an additional 489,499 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Zeta Global in the fourth quarter valued at about $906,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Truist Financial cut their price objective on Zeta Global from $42.00 to $34.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Canaccord Genuity Group dropped their target price on Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group dropped their target price on Zeta Global from $27.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. B. Riley dropped their target price on Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Needham & Company LLC dropped their target price on Zeta Global from $43.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Zeta Global has an average rating of "Moderate Buy" and an average target price of $30.36.

Zeta Global Price Performance

Shares of NYSE ZETA traded up $0.05 during midday trading on Monday, hitting $16.09. The stock had a trading volume of 5,038,942 shares, compared to its average volume of 8,931,567. The company has a market capitalization of $3.79 billion, a PE ratio of -55.48, a P/E/G ratio of 42.74 and a beta of 1.29. The stock has a 50 day simple moving average of $14.31 and a 200-day simple moving average of $15.35. Zeta Global Holdings Corp. has a 1 year low of $10.69 and a 1 year high of $38.20. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.29.

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.