Zeta Global Holdings Corp. (NYSE:ZETA) Short Interest Up 54.3% in October

Zeta Global Holdings Corp. (NYSE:ZETA) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 13,420,000 shares, an increase of 54.3% from the October 15th total of 8,700,000 shares. Currently, 7.2% of the shares of the stock are sold short. Based on an average trading volume of 3,500,000 shares, the days-to-cover ratio is currently 3.8 days.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Royal Bank of Canada upped their target price on Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Truist Financial restated a “buy” rating and issued a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research report on Tuesday. Roth Mkm raised their price objective on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Barclays lifted their price objective on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Needham & Company LLC boosted their price target on Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.08.

Zeta Global Trading Up 1.2 %

Shares of ZETA traded up $0.21 during mid-day trading on Friday, hitting $17.58. The company had a trading volume of 25,433,628 shares, compared to its average volume of 8,545,498. Zeta Global has a 1-year low of $7.65 and a 1-year high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 1.98. The business’s 50-day simple moving average is $28.57 and its 200-day simple moving average is $22.48.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The firm had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. During the same period last year, the firm posted ($0.27) EPS. Zeta Global’s revenue was up 42.0% on a year-over-year basis. On average, research analysts predict that Zeta Global will post -0.45 earnings per share for the current year.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Zeta Global by 2.6% during the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after purchasing an additional 431,077 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Zeta Global by 18.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after buying an additional 674,192 shares during the period. State Street Corp grew its stake in Zeta Global by 12.2% in the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after purchasing an additional 455,944 shares in the last quarter. FMR LLC grew its stake in shares of Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after buying an additional 3,557,119 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings 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 valued at $33,125,000 after purchasing an additional 77,962 shares in the last quarter. 75.82% of the stock is currently owned by institutional investors and hedge funds.

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.