Zeta Global Target of Unusually Large Options Trading (NYSE:ZETA)

Zeta Global Holdings Corp. (NYSE:ZETA) was the target of unusually large options trading activity on Tuesday. Traders acquired 63,750 put options on the company. This is an increase of approximately 1,211% compared to the typical daily volume of 4,863 put options.

Institutional Trading of Zeta Global

Several hedge funds and other institutional investors have recently bought and sold shares of ZETA. Penserra Capital Management LLC grew its holdings in Zeta Global by 161.2% in the third quarter. Penserra Capital Management LLC now owns 32,798 shares of the company’s stock valued at $978,000 after purchasing an additional 20,239 shares during the period. Citigroup Inc. grew its holdings in shares of Zeta Global by 139.5% during the third quarter. Citigroup Inc. now owns 151,439 shares of the company’s stock worth $4,517,000 after buying an additional 88,205 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Zeta Global by 31.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock worth $51,980,000 after buying an additional 413,577 shares in the last quarter. Intech Investment Management LLC acquired a new position in Zeta Global during the third quarter worth about $1,455,000. Finally, Advisors Asset Management Inc. grew its stake in 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 acquiring an additional 1,136 shares in the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.

Zeta Global Stock Down 23.2 %

ZETA traded down $8.52 on Tuesday, hitting $28.22. The company had a trading volume of 19,454,566 shares, compared to its average volume of 2,666,603. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of -32.97 and a beta of 1.29. The stock has a fifty day moving average price of $28.99 and a 200-day moving average price of $22.40. Zeta Global has a 12-month low of $7.65 and a 12-month high of $38.20.

Zeta Global (NYSE:ZETA) last issued its quarterly 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 during the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. Zeta Global’s revenue was up 42.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.27) EPS. Analysts predict that Zeta Global will post -0.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZETA has been the subject of a number of recent research reports. Needham & Company LLC boosted their target price on Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday. Canaccord Genuity Group lifted their price objective on Zeta Global from $35.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $18.00 to $30.00 in a report on Thursday, August 1st. Oppenheimer upped their price objective on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Craig Hallum upped 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. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Zeta Global presently has an average rating of “Buy” and an average target price 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.