Summit Creek Advisors LLC Invests $6.34 Million in Zeta Global Holdings Corp. $ZETA

Key Points

• Summit Creek Advisors initiated a $6.34 million position in Zeta Global, purchasing 322,048 shares, or about 0.13% of the company. Institutional investors and hedge funds collectively own 87.75% of Zeta Global.
• Zeta Global reported quarterly revenue of $442.77 million, up 43.6% year over year and above estimates, but earnings per share of $0.03 missed consensus by $0.17. The stock was recently trading at $28.24, near its 12-month high of $29.89.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $30.31; several firms recently raised their targets to between $27 and $32.

Summit Creek Advisors LLC bought a new stake in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 322,048 shares of the company's stock, valued at approximately $6,338,000. Zeta Global accounts for about 2.2% of Summit Creek Advisors LLC's investment portfolio, making the stock its 20th biggest holding. Summit Creek Advisors LLC owned approximately 0.13% of Zeta Global as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC grew its holdings in Zeta Global by 3,150.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company's stock worth $26,000 after purchasing an additional 1,260 shares during the period. DV Equities LLC bought a new stake in Zeta Global in the fourth quarter valued at approximately $29,000. United Community Bank acquired a new stake in shares of Zeta Global in the fourth quarter valued at approximately $31,000. Binnacle Investments Inc acquired a new stake in shares of Zeta Global in the third quarter valued at approximately $30,000. Finally, National Bank of Canada FI boosted its stake in shares of Zeta Global by 223.1% during the 3rd quarter. National Bank of Canada FI now owns 1,835 shares of the company's stock worth $36,000 after acquiring an additional 1,267 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Trading Down 2.1%

Shares of NYSE:ZETA opened at $28.24 on Wednesday. Zeta Global Holdings Corp. has a 12-month low of $14.36 and a 12-month high of $29.89. The business has a 50 day moving average of $22.12 and a 200-day moving average of $19.26. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21. The stock has a market cap of $7.09 billion, a PE ratio of -1,411.85, a P/E/G ratio of 4.10 and a beta of 1.39.

Zeta Global (NYSE:ZETA - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.17). The firm had revenue of $442.77 million for the quarter, compared to the consensus estimate of $420.61 million. Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.Zeta Global's revenue for the quarter was up 43.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.10) EPS. As a group, equities research analysts forecast that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current year.

Insider Buying and Selling

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the transaction, the director owned 50,350 shares in the company, valued at $1,001,461.50. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.74% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. KeyCorp boosted their target price on Zeta Global from $22.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Needham & Company LLC raised their price target on Zeta Global from $25.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Freedom Capital cut shares of Zeta Global from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 6th. B. Riley Financial reiterated a "buy" rating and issued a $32.00 price objective (up from $30.00) on shares of Zeta Global in a report on Wednesday, August 5th. Finally, Wall Street Zen raised shares of Zeta Global from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Zeta Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.31.

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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