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

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ZETA. KeyCorp cut shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday. Oppenheimer boosted their price target on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday. DA Davidson raised their price objective on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday. Bank of America boosted their target price on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, B. Riley raised their price target on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three research 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 stock. According to data from MarketBeat, Zeta Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.08.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors have recently added to or reduced their stakes in the company. Juncture Wealth Strategies LLC grew its stake in shares of Zeta Global by 3.1% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock worth $633,000 after purchasing an additional 634 shares during the last quarter. Essex Investment Management Co. LLC boosted its holdings in Zeta Global by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock worth $9,137,000 after buying an additional 856 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in Zeta Global in the third quarter worth approximately $26,000. HighTower Advisors LLC increased its holdings in shares of Zeta Global by 4.2% in the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock valued at $668,000 after buying an additional 892 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Zeta Global by 20.0% during the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after acquiring an additional 948 shares during the last quarter. 75.82% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Price Performance

Zeta Global stock traded up $0.21 during midday trading on Friday, reaching $17.58. 25,433,628 shares of the stock traded hands, compared to its average volume of 8,545,498. The company has a current ratio of 3.32, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average price of $28.57 and a two-hundred day moving average price of $22.48. Zeta Global has a fifty-two week low of $7.65 and a fifty-two week high of $38.20.

Zeta Global (NYSE:ZETA) last announced 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 business had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. During the same period in the previous year, the firm earned ($0.27) EPS. The firm’s revenue was up 42.0% on a year-over-year basis. As a group, research analysts expect that Zeta Global will post -0.45 earnings per share for the current year.

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.