Zeta Global Sees Unusually High Options Volume (NYSE:ZETA)

Zeta Global Holdings Corp. (NYSE:ZETA) was the recipient of unusually large options trading activity on Monday. Stock investors acquired 29,582 call options on the company. This represents an increase of approximately 24% compared to the typical volume of 23,839 call options.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently bought and sold shares of ZETA. Disciplined Growth Investors Inc. MN purchased a new stake in Zeta Global in the third quarter valued at approximately $121,502,000. Contour Asset Management LLC raised its stake in Zeta Global by 26.3% in the fourth quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock valued at $227,159,000 after purchasing an additional 2,327,907 shares in the last quarter. Norges Bank purchased a new stake in Zeta Global in the fourth quarter valued at approximately $46,975,000. M&T Bank Corp raised its stake in Zeta Global by 12,545.2% in the fourth quarter. M&T Bank Corp now owns 2,233,649 shares of the company’s stock valued at $45,455,000 after purchasing an additional 2,215,985 shares in the last quarter. Finally, Annex Advisory Services LLC purchased a new stake in Zeta Global in the fourth quarter valued at approximately $42,136,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ZETA has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a report on Monday, April 20th. The Goldman Sachs Group increased their price target on shares of Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. KeyCorp raised shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a report on Tuesday, April 28th. Finally, Royal Bank Of Canada increased their price target on shares of Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.33.

Zeta Global Price Performance

ZETA traded up $2.00 on Monday, reaching $19.19. The company had a trading volume of 17,196,063 shares, compared to its average volume of 8,686,521. The business has a 50 day simple moving average of $17.01 and a 200 day simple moving average of $18.15. The company has a market cap of $4.68 billion, a price-to-earnings ratio of -174.46, a P/E/G ratio of 2.59 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. Zeta Global has a 52-week low of $12.10 and a 52-week high of $24.90.

Zeta Global (NYSE:ZETA) last announced its earnings results on Tuesday, February 24th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $394.64 million for the quarter, compared to the consensus estimate of $378.09 million. Zeta Global had a negative net margin of 1.62% and a positive return on equity of 2.91%. Zeta Global’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. As a group, sell-side analysts anticipate that Zeta Global will post 0.21 EPS for the current year.

About Zeta Global

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.