Traders Buy Large Volume of Call Options on Zeta Global (NYSE:ZETA)

Zeta Global Holdings Corp. (NYSE:ZETA) was the recipient of some unusual options trading activity on Friday. Investors purchased 12,383 call options on the company. This is an increase of approximately 50% compared to the average daily volume of 8,263 call options.

Zeta Global Stock Up 1.2 %

NYSE ZETA traded up $0.21 during trading hours on Friday, hitting $17.58. 25,433,628 shares of the stock were exchanged, compared to its average volume of 8,545,498. Zeta Global has a 12-month low of $7.65 and a 12-month high of $38.20. The stock has a 50-day moving average of $28.57 and a 200 day moving average of $22.48. The company has a current ratio of 3.32, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41.

Zeta Global (NYSE:ZETA) last issued its earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). The company had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. Zeta Global’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.27) earnings per share. Sell-side analysts predict that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Zeta Global by 2.6% in the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after acquiring an additional 431,077 shares during the last quarter. Geode Capital Management LLC raised its stake in Zeta Global by 18.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after purchasing an additional 674,192 shares during the last quarter. State Street Corp raised its stake in Zeta Global by 12.2% in the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after purchasing an additional 455,944 shares during the last quarter. FMR LLC lifted its holdings in Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after purchasing an additional 3,557,119 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of Zeta Global by 2.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock worth $33,125,000 after purchasing an additional 77,962 shares during the last quarter. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Truist Financial restated a “buy” rating and issued a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday. DA Davidson boosted their price objective on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday. Canaccord Genuity Group increased their target price on shares of Zeta Global from $35.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday. Craig Hallum boosted their price target on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley cut their target price on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.