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

Zeta Global Holdings Corp. (NYSE:ZETA) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 48,690 call options on the stock. This is an increase of 106% compared to the average daily volume of 23,597 call options.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ZETA. B. Riley Financial increased their target price on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. William Blair reissued an “outperform” rating on shares of Zeta Global in a research report on Monday, November 24th. Bank of America lifted their price target on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Morgan Stanley increased their target price on shares of Zeta Global from $23.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Finally, UBS Group set a $29.00 price objective on shares of Zeta Global in a research report on Tuesday, November 25th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Zeta Global presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Zeta Global Price Performance

ZETA stock traded up $1.75 on Tuesday, hitting $16.73. 9,857,278 shares of the company’s stock traded hands, compared to its average volume of 9,520,140. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of -139.14, a P/E/G ratio of 1.68 and a beta of 1.26. Zeta Global has a 1-year low of $10.69 and a 1-year high of $24.90. The stock has a fifty day moving average of $19.23 and a 200-day moving average of $19.10. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.29.

Insider Buying and Selling

In other Zeta Global news, Director Jeanine Silberblatt sold 12,990 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $19.34, for a total transaction of $251,226.60. Following the completion of the transaction, the director owned 57,850 shares of the company’s stock, valued at approximately $1,118,819. This trade represents a 18.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ZETA. Invesco Ltd. grew its stake in Zeta Global by 9.4% during the 4th quarter. Invesco Ltd. now owns 153,202 shares of the company’s stock valued at $3,118,000 after acquiring an additional 13,221 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Zeta Global by 8.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,027,355 shares of the company’s stock worth $81,957,000 after purchasing an additional 318,709 shares during the period. Empowered Funds LLC purchased a new position in Zeta Global during the fourth quarter valued at approximately $120,000. VARCOV Co. acquired a new position in Zeta Global in the 4th quarter valued at approximately $428,000. Finally, Sphera Management Technology Funds Ltd lifted its position in Zeta Global by 20.0% in the 4th quarter. Sphera Management Technology Funds Ltd now owns 60,000 shares of the company’s stock worth $1,221,000 after buying an additional 10,000 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

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.