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News  ›  The Motley Fool

Why One Fund Added 415,000 Shares of a Software Stock Down 26% This Past Year

The Motley Fool Logo The Motley Fool By Jonathan Ponciano
Why One Fund Added 415,000 Shares of a Software Stock Down 26% This Past Year

Manatuck Hill Partners increased its stake in Zeta Global by 415,000 shares, bringing total holdings to 705,000 shares worth $14 million, despite the stock being down 26% over the past year. The investment suggests confidence in the company's financial performance and growth potential.

Insights
ZETA   neutral/positive

Despite stock price decline, the company has shown consistent financial performance with 17 consecutive beat-and-raise quarters, 26% revenue growth, expanding EBITDA margins, and strong free cash flow generation. The fund's significant investment indicates underlying confidence in the company's fundamentals.