Zeta Global Target of Unusually Large Options Trading (NYSE:ZETA)

Zeta Global Holdings Corp. (NYSE:ZETA) was the recipient of unusually large options trading on Friday. Stock traders bought 12,383 call options on the company. This is an increase of approximately 50% compared to the typical volume of 8,263 call options.

Hedge Funds Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently modified their holdings of ZETA. Harbour Capital Advisors LLC acquired a new stake in shares of Zeta Global in the 3rd quarter worth $769,000. Riggs Asset Managment Co. Inc. increased its position in Zeta Global by 142.0% during the third quarter. Riggs Asset Managment Co. Inc. now owns 75,999 shares of the company’s stock worth $2,267,000 after purchasing an additional 44,596 shares during the last quarter. Stephens Inc. AR purchased a new position in Zeta Global during the third quarter worth about $1,634,000. Stephens Investment Management Group LLC acquired a new position in Zeta Global in the 3rd quarter valued at about $7,676,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Zeta Global by 99.3% in the 1st quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock valued at $6,062,000 after buying an additional 276,294 shares during the period. 75.82% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Price Performance

Zeta Global stock traded up $0.40 during midday trading on Friday, reaching $17.77. The company had a trading volume of 13,981,982 shares, compared to its average volume of 3,049,612. Zeta Global has a 12-month low of $7.65 and a 12-month high of $38.20. The firm’s fifty day simple moving average is $28.72 and its 200-day simple moving average is $22.44. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 1.98. The company has a market capitalization of $3.91 billion, a P/E ratio of -24.84 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. During the same period in the prior year, the firm earned ($0.27) earnings per share. The business’s revenue was up 42.0% on a year-over-year basis. As a group, equities analysts anticipate that Zeta Global will post -0.45 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on ZETA shares. Bank of America raised their target price on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Truist Financial reissued a “buy” rating and issued a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a report on Tuesday. Morgan Stanley dropped their target price on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday. B. Riley boosted their price target on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, KeyCorp lowered Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.08.

Zeta Global Company Profile

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.