Traders Purchase High Volume of Zeta Global Call Options (NASDAQ:ZETA)

Zeta Global Holdings Corp. (NASDAQ:ZETA) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 2,387 call options on the company. This is an increase of approximately 164% compared to the average volume of 904 call options.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ZETA. Canaccord Genuity Group upped their price target on Zeta Global from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Needham & Company LLC increased their price target on Zeta Global from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Roth Mkm boosted their price target on Zeta Global from $21.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Craig Hallum upped their price objective on shares of Zeta Global from $15.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, DA Davidson lifted their target price on shares of Zeta Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Thirteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $20.96.

Hedge Funds Weigh In On Zeta Global

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position 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 period. Granahan Investment Management LLC grew its holdings in Zeta Global by 15.3% in the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after purchasing an additional 1,076,208 shares during the period. Praesidium Investment Management Company LLC increased its position in shares of Zeta Global by 1,549.5% in the fourth quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock valued at $54,519,000 after buying an additional 5,806,578 shares in the last quarter. Clearbridge Investments LLC raised 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 buying an additional 77,962 shares during the period. Finally, Capital World Investors purchased a new position in shares of Zeta Global during the 4th quarter valued at approximately $23,560,000. 75.82% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Trading Up 5.3 %

NASDAQ ZETA opened at $20.17 on Wednesday. The company has a fifty day moving average of $16.84 and a 200 day moving average of $12.80. The company has a market capitalization of $4.41 billion, a PE ratio of -19.03 and a beta of 1.23. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.89 and a quick ratio of 1.89. Zeta Global has a 1 year low of $7.24 and a 1 year high of $20.18.

Zeta Global (NASDAQ:ZETA) last issued its earnings results on Monday, May 6th. The company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.02. Zeta Global had a negative return on equity of 101.48% and a negative net margin of 22.20%. The firm had revenue of $195.00 million for the quarter, compared to the consensus estimate of $187.16 million. During the same quarter in the prior year, the business earned ($0.38) earnings per share. The company’s revenue was up 23.7% compared to the same quarter last year. Research analysts forecast that Zeta Global will post -0.38 earnings per share 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.