P2 Capital Partners LLC bought a new stake in Zeta Global Holdings Corp. (NYSE:ZETA – Free Report) in the fourth quarter, HoldingsChannel reports. The fund bought 1,700,000 shares of the company’s stock, valued at approximately $34,595,000. Zeta Global comprises 8.9% of P2 Capital Partners LLC’s portfolio, making the stock its 5th largest position.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ZETA. Disciplined Growth Investors Inc. MN acquired a new position in Zeta Global in the third quarter valued at about $121,502,000. Norges Bank acquired a new position in Zeta Global in the fourth quarter valued at about $46,975,000. M&T Bank Corp grew its stake in Zeta Global by 12,545.2% in the fourth quarter. M&T Bank Corp now owns 2,233,649 shares of the company’s stock valued at $45,455,000 after acquiring an additional 2,215,985 shares during the period. Annex Advisory Services LLC acquired a new position in Zeta Global in the fourth quarter valued at about $42,136,000. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in Zeta Global by 294.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,046,279 shares of the company’s stock valued at $41,642,000 after acquiring an additional 1,527,482 shares during the period. 87.75% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Zeta Global
In related news, Director Jeanine Silberblatt sold 7,500 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the sale, the director owned 50,350 shares in the company, valued at approximately $1,001,461.50. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 10.74% of the company’s stock.
Analyst Upgrades and Downgrades
Zeta Global Stock Up 0.2%
ZETA stock opened at $19.81 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market capitalization of $4.94 billion, a P/E ratio of -180.08, a P/E/G ratio of 3.08 and a beta of 1.34. The business has a 50-day moving average of $18.60 and a 200-day moving average of $18.54. Zeta Global Holdings Corp. has a fifty-two week low of $12.39 and a fifty-two week high of $25.95.
Zeta Global Company 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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