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

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

Zeta Global Stock Up 2.3 %

Zeta Global stock traded up $0.40 during trading on Friday, reaching $17.77. The stock had a trading volume of 13,981,982 shares, compared to its average volume of 3,049,612. Zeta Global has a 52-week low of $7.65 and a 52-week high of $38.20. The business has a 50 day moving average price of $28.72 and a 200 day moving average price of $22.44. The company has a quick ratio of 1.98, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.91 billion, a PE ratio of -24.84 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last issued its earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The firm had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The business’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) EPS. On average, analysts predict that Zeta Global will post -0.45 EPS for the current year.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC purchased a new position in Zeta Global during the 3rd quarter worth approximately $26,000. Quest Partners LLC grew its position in Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after purchasing an additional 2,183 shares during the last quarter. Farther Finance Advisors LLC increased its position in Zeta Global by 3,885.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after acquiring an additional 1,360 shares during the period. Covestor Ltd raised its stake in shares of Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in Zeta Global by 104.1% in 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. 75.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZETA has been the topic of a number of recent analyst reports. Barclays upped their target price on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday. KeyCorp cut shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday. Roth Mkm boosted their target price on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. B. Riley lifted their price objective on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Oppenheimer increased their target price on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.08.

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.