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

Zeta Global Holdings Corp. (NYSE:ZETA) was the target of unusually large options trading activity on Tuesday. Investors bought 39,905 call options on the company. This represents an increase of 44% compared to the average daily volume of 27,766 call options.

Insider Buying and Selling

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the sale, the director directly owned 50,350 shares of the company’s stock, valued at approximately $1,001,461.50. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.74% of the company’s stock.

Institutional Trading of Zeta Global

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

Wall Street Analysts Forecast Growth

ZETA has been the topic of a number of analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Zeta Global in a research report on Wednesday, June 24th. KeyCorp raised shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 target price for the company in a research report on Tuesday, April 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a research note on Friday, July 17th. Freedom Capital raised shares of Zeta Global to a “strong-buy” rating in a report on Monday, June 29th. Finally, Bank of America upped their price target on Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $28.33.

Zeta Global Stock Up 6.3%

NYSE ZETA traded up $1.42 during trading on Tuesday, hitting $23.98. The company’s stock had a trading volume of 7,413,832 shares, compared to its average volume of 8,691,547. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market cap of $5.98 billion, a PE ratio of -217.60, a P/E/G ratio of 3.19 and a beta of 1.39. The business’s 50 day simple moving average is $20.92 and its 200-day simple moving average is $18.73. Zeta Global has a fifty-two week low of $14.36 and a fifty-two week high of $25.95.

Zeta Global Company Profile

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.