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

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) was the recipient of unusually large options trading activity on Friday. Traders purchased 12,383 call options on the stock. This is an increase of 50% compared to the typical volume of 8,263 call options.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds have recently made changes to their positions in the business. Wolff Wiese Magana LLC bought a new position in shares of Zeta Global in the third quarter valued at $26,000. Quest Partners LLC grew its holdings in shares of Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company's stock valued at $41,000 after buying an additional 2,183 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company's stock worth $42,000 after purchasing an additional 1,360 shares in the last quarter. Covestor Ltd grew its holdings in shares of Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company's stock valued at $45,000 after acquiring an additional 1,451 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company's stock valued at $66,000 after buying an additional 1,136 shares during the last quarter. Institutional investors own 75.82% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ZETA. Truist Financial reaffirmed a "buy" rating and set a $42.00 price objective (up from $35.00) on shares of Zeta Global in a report on Tuesday. Morgan Stanley reduced their target price on Zeta Global from $41.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Friday. Barclays upped their target price on Zeta Global from $28.00 to $32.00 and gave the company an "equal weight" rating in a research note on Wednesday. Craig Hallum boosted their target price on shares of Zeta Global from $37.00 to $45.00 and gave the company a "buy" rating in a report on Tuesday. Finally, DA Davidson upped their price objective on Zeta Global from $39.00 to $42.00 and gave the stock a "buy" rating in a report on Tuesday. Three 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $39.08.

Zeta Global Stock Up 1.3 %

Shares of NYSE ZETA traded up $0.22 during midday trading on Friday, reaching $17.59. 25,384,927 shares of the company's stock were exchanged, compared to its average volume of 3,104,526. Zeta Global has a 52-week low of $7.65 and a 52-week high of $38.20. The business's fifty day moving average price is $28.57 and its two-hundred day moving average price is $22.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.98 and a current ratio of 3.32. The stock has a market capitalization of $3.87 billion, a PE ratio of -25.13 and a beta of 1.29.

Zeta Global (NYSE:ZETA - Get Free Report) last released its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.26). The company had revenue of $268.30 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted ($0.27) EPS. Analysts forecast that Zeta Global will post -0.45 EPS for the current year.

About Zeta Global

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.