Granahan Investment Management LLC Sells 2,209,527 Shares of Zeta Global Holdings Corp. (NYSE:ZETA)

Granahan Investment Management LLC reduced its position in Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 77.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 655,702 shares of the company's stock after selling 2,209,527 shares during the quarter. Granahan Investment Management LLC owned 0.28% of Zeta Global worth $11,796,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ZETA. Optiver Holding B.V. lifted its position in shares of Zeta Global by 60.9% in the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock worth $25,000 after purchasing an additional 532 shares during the period. Rakuten Securities Inc. purchased a new stake in Zeta Global during the fourth quarter worth $27,000. Coppell Advisory Solutions LLC boosted its position in Zeta Global by 244.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock valued at $31,000 after acquiring an additional 1,201 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Zeta Global in the 4th quarter valued at $33,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Zeta Global in the 4th quarter worth $66,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ZETA. Royal Bank of Canada dropped their price objective on Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. B. Riley cut their price objective on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Truist Financial decreased their target price on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Canaccord Genuity Group cut their price target on shares of Zeta Global from $28.00 to $26.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, The Goldman Sachs Group decreased their price objective on Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.36.

Zeta Global Price Performance

Shares of NYSE:ZETA opened at $13.35 on Friday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global Holdings Corp. has a twelve month low of $10.69 and a twelve month high of $38.20. The company's 50 day moving average is $13.39 and its 200 day moving average is $18.70. The company has a market cap of $3.17 billion, a PE ratio of -19.07, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29.

Zeta Global Profile

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.

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