Zeta Global Holdings Corp. $ZETA Shares Sold by Voya Investment Management LLC

by · The Cerbat Gem

Voya Investment Management LLC decreased its holdings in Zeta Global Holdings Corp. (NYSE:ZETA – Free Report) by 14.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,505 shares of the company’s stock after selling 35,372 shares during the quarter. Voya Investment Management LLC owned about 0.09% of Zeta Global worth $4,322,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Invesco Ltd. boosted its holdings in Zeta Global by 47.3% in the first quarter. Invesco Ltd. now owns 157,642 shares of the company’s stock worth $2,138,000 after acquiring an additional 50,622 shares in the last quarter. American Century Companies Inc. boosted its stake in Zeta Global by 146.1% in the 1st quarter. American Century Companies Inc. now owns 45,245 shares of the company’s stock worth $614,000 after purchasing an additional 26,858 shares in the last quarter. Wellington Management Group LLP boosted its stake in Zeta Global by 6.0% in the 1st quarter. Wellington Management Group LLP now owns 389,802 shares of the company’s stock worth $5,286,000 after purchasing an additional 22,175 shares in the last quarter. Hsbc Holdings PLC grew its position in Zeta Global by 11.0% during the 1st quarter. Hsbc Holdings PLC now owns 48,591 shares of the company’s stock worth $656,000 after purchasing an additional 4,826 shares during the last quarter. Finally, AlphaQuest LLC increased its stake in Zeta Global by 261.1% during the 1st quarter. AlphaQuest LLC now owns 4,463 shares of the company’s stock valued at $61,000 after purchasing an additional 3,227 shares in the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zeta Global

In other Zeta Global news, Director Jeanine Silberblatt sold 12,990 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $19.34, for a total transaction of $251,226.60. Following the transaction, the director owned 57,850 shares in the company, valued at approximately $1,118,819. This represents a 18.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 13.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ZETA shares. Bank of America lifted their price objective on shares of Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. B. Riley raised their target price on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a report on Wednesday, October 8th. Finally, Morgan Stanley lifted their price objective on Zeta Global from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Zeta Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.25.

Get Our Latest Report on Zeta Global

Zeta Global Stock Up 4.2%

ZETA opened at $19.13 on Friday. The company has a fifty day moving average of $18.37 and a two-hundred day moving average of $17.77. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of -159.36 and a beta of 1.27. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week high of $26.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.01 and a current ratio of 3.01.

Zeta Global Company Profile

(Free Report)

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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