Group 1 - The advertising industry is viewed as a top sector for investors due to its sustained growth potential [1] - Digital channels have enhanced marketers' ability to target audiences and measure advertising effectiveness [1]

Core Insights - Manatuck Hill Partners has increased its stake in Zeta Global by acquiring 415,000 additional shares, raising its total holdings to 705,000 shares valued at approximately $14 million as of September 30 [2][3][7] - Zeta Global now represents 4.6% of Manatuck Hill Partners' reportable assets under management, making it the largest disclosed holding in the fund [4][7] - Zeta Global's stock price has decreased by 26% over the past year, contrasting with the S&P 500's 13% increase during the same period [4] Company Overview - Zeta Global reported a total revenue of $1.2 billion and a net income of -$22.8 million for the trailing twelve months [5] - The company's market capitalization stands at $4.7 billion, with its stock priced at $19.05 as of the last market close [5] Business Model - Zeta Global provides an omnichannel cloud-based marketing platform that includes consumer intelligence, marketing automation, and customer data solutions [9][10] - The company generates revenue through enterprise software subscriptions and data analytics services, utilizing machine learning and proprietary opted-in data sets [9][10] Financial Performance - Zeta Global has shown consistent financial performance, achieving 26% revenue growth to $337 million and generating $47 million in free cash flow, which is an 83% increase year over year [11] - The company has delivered its 17th consecutive beat-and-raise quarter, indicating strong operational momentum despite recent stock price declines [11] Investment Perspective - Manatuck Hill Partners' increased investment in Zeta Global reflects a strategic focus on mid-cap companies with improving fundamentals, suggesting a long-term conviction rather than opportunistic trading [12] - Zeta Global's guidance for 2026 indicates expectations for continued revenue growth of over 20%, which may enhance its path to sustained profitability [13]

Core Thesis - Zeta Global Holdings Corp. is viewed as a compelling investment opportunity due to its potential for growth and a favorable market revaluation ahead of a multi-year rerating cycle [2][3][4] Company Overview - Zeta Global operates an omnichannel data-driven cloud platform that provides consumer intelligence and marketing automation software both in the United States and internationally [2] Financial Metrics - As of November 28th, Zeta's share price was $18.25, with a forward P/E ratio of 17.89 [1] - The company is projected to achieve 20% revenue growth in 2026 while improving its profitability profile, which is expected to attract institutional capital [4] Investment Strategy - The investment aligns with an Inflection strategy, which involves buying early when market sentiment is low and selling as the market recognizes the value [5] - Zeta is seen as a classic Inflection setup, providing an attractive entry point with shares trading at 26 times next year's free cash flow [4] Market Sentiment - Market enthusiasm for Zeta's stock has diminished since its peak, creating a mispricing opportunity as expectations remain low [3][4] - The company's fundamentals and growth drivers are intact despite a recent stock price depreciation of approximately 2.61% since earlier coverage [7] Risk and Reward - While there are risks associated with the investment, the potential upside is considered to outweigh these risks, making Zeta a compelling risk/reward opportunity [6]

Core Insights - Zeta Global reported record performance during the holiday shopping weekend, with platform usage increasing by 153% year-over-year [1] - The activity of Zeta's AI agents surged 25 times compared to the previous year, indicating strong adoption of the company's AI technology [1] - The platform maintained 100% uptime, showcasing reliability as enterprise brands utilized Zeta for critical messaging during the peak shopping period [1]

Core Insights - Zeta Global's stock has decreased by 3% over the past three months, while the S&P 500 has increased by 6% [1] - Despite the recent decline, Zeta Global's stock remains 50% higher than its trading level three months ago [1] Company Overview - Invest Heroes LLC is a research firm established in 2018, focusing on equity and fixed income research services [1] - The firm covers over 120 stocks from Russia, the US, and China, as well as more than 200 Russian bonds [1] - The research team consists of 2 strategists and 9 analysts, achieving global recognition in the industry [1] Performance and Recognition - Invest Heroes has been included in Refinitiv and Factset within its first year and has participated in the Refinitiv consensus in its second year [1] - The firm has been recognized as the best analysts in the Refinitiv rating for several Russian companies in its third year [1]

Core Insights - ZetaDisplay AB has published its Q3 Interim Report for January to September 2025, which is available on their investor relations website [1] - The company is a leader in the digital signage market, with over 125,000 active installations across more than 50 countries [4] Company Overview - Founded in 2003 in Sweden, ZetaDisplay is recognized as a pioneer in digital signage software and solutions [3] - The company operates in eight European countries and the US, providing comprehensive digital signage solutions to various sectors [4] - ZetaDisplay has a turnover exceeding SEK 600 million and employs approximately 250 staff members [5] Business Operations - The company offers a proprietary software platform, digital business development, consulting services, and innovative digital signage solutions [4] - ZetaDisplay serves a diverse clientele, including many respected blue-chip brands and companies [4] - The company is owned by Hanover Investors, an investment company [5]

Core Viewpoint - B. Riley has raised the price target for Zeta Global (ZETA) to $30 from $29 while maintaining a Buy rating on the shares [1] Group 1: Acquisition Details - Zeta Global has completed the acquisition of Marigold's enterprise software business for a total consideration of up to $325 million [1] Group 2: Financial Performance and Projections - Zeta's organic business momentum is strong and is expected to continue to exceed the 2028 financial targets [1] - The updated FY26 guidance projects over 20% organic revenue growth, sustained adjusted EBITDA margin expansion, and improved free cash flow conversion [1]

Core Insights - ZetaDisplay has announced the acquisition of Ubiq, a Swedish digital signage integrator, to enhance its market position and expand creative and technical capabilities [1][2][5] Group 1: Acquisition Details - The acquisition is a strategic move to strengthen ZetaDisplay's presence in the Swedish market, particularly in high street retail, quick service restaurants (QSR), and workspace customer verticals [2][5] - Ubiq brings a complementary customer base, including notable brands such as Axel Arigato, CDLP, and Wayne's Coffee, and has a growing presence in international coworking environments [2][3] Group 2: Strategic Fit and Future Collaboration - Ubiq is recognized for its design-led approach to digital signage, adding creative and technical expertise to ZetaDisplay's offerings, including a portfolio of LED installations [3][5] - ZetaDisplay plans to collaborate with Onemotion IMC and Production Republic, both subsidiaries of Ubiq's parent company WOBI AB, to leverage complementary skills in the Swedish retail market [4][6] Group 3: Company Background - ZetaDisplay, founded in 2003, is a leading player in the European digital signage market, with over 125,000 active installations across more than 50 countries [8][9] - The company has a turnover exceeding SEK 600 million and employs approximately 250 staff, positioning itself as a significant force in the global digital signage industry [10]

Core Insights - Zeta Global Holdings (ZETA) is emerging as a differentiated player in the enterprise marketing technology sector, with its latest product, Athena, marking a significant milestone in the company's development [1] Company Overview - Zeta Global Holdings is focusing on enhancing its marketing technology stack, positioning itself uniquely in the industry [1] Product Development - The introduction of Athena is seen as a pivotal moment for Zeta, indicating a strategic shift or advancement in its offerings [1]

Core Insights - Zeta Global (ZETA) is positioning itself as a significant player in the digital advertising sector by providing various tools that assist brands in customer acquisition, retention, and increasing customer spending [1] Company Overview - Zeta Global offers multiple solutions aimed at enhancing brand engagement and customer loyalty, which are critical in the competitive digital advertising landscape [1] Market Position - The company is emerging as a key player within the digital advertising industry, indicating a strong growth trajectory and potential for increased market share [1]