Connecticut-based Manatuck Hill Partners increased its stake in Zeta Global by 415,000 shares, boosting its position value by $9.5 million. Zeta Global now represents 4.6% of the fund’s assets, making it the largest holding. Shares of Zeta Global have declined by 26% over the past year, trading at $19.05.

Manatuck Hill Partners disclosed the acquisition of additional Zeta Global shares, bringing their total holdings to 705,000 shares valued at $14 million. Zeta Global’s omnichannel cloud-based marketing platform generates revenue through enterprise software subscriptions and data analytics services, catering to large enterprises for advanced marketing solutions.

Zeta Global operates in the technology sector, offering data-driven marketing software and analytics to enterprise clients. Despite a stock price decline, the company delivered strong financial performance, posting revenue growth, expanding margins, and increasing free cash flow. Manatuck Hill Partners’ investment reflects confidence in Zeta Global’s future growth potential and financial performance.

Read more at Yahoo Finance: Why One Fund Added 415,000 Shares of a Software Stock Down 26% This Past Year