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

Zeta Global Holdings Corp. (NYSE:ZETA) saw some unusual options trading activity on Monday. Stock traders purchased 29,582 call options on the company. This represents an increase of approximately 24% compared to the typical daily volume of 23,839 call options.

Zeta Global Stock Up 11.6%

Shares of NYSE ZETA traded up $2.00 during trading on Monday, hitting $19.19. The stock had a trading volume of 17,196,063 shares, compared to its average volume of 8,686,521. Zeta Global has a 12 month low of $12.10 and a 12 month high of $24.90. 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 capitalization of $4.68 billion, a PE ratio of -174.46, a PEG ratio of 2.59 and a beta of 1.29. The firm has a fifty day moving average of $17.01 and a two-hundred day moving average of $18.15.

Zeta Global (NYSE:ZETA) last posted its earnings results on Tuesday, February 24th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. The firm had revenue of $394.64 million during the quarter, compared to analyst estimates of $378.09 million. Zeta Global had a negative net margin of 1.62% and a positive return on equity of 2.91%. The business’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 EPS. As a group, equities research analysts forecast that Zeta Global will post 0.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. New York State Common Retirement Fund boosted its position in Zeta Global by 235.8% during the third quarter. New York State Common Retirement Fund now owns 684,303 shares of the company’s stock worth $13,597,000 after purchasing an additional 480,495 shares during the period. Vanguard Group Inc. boosted its position in Zeta Global by 6.1% during the fourth quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock worth $469,094,000 after purchasing an additional 1,325,717 shares during the period. Perkins Capital Management Inc. bought a new position in Zeta Global during the third quarter worth about $1,143,000. Fort Washington Investment Advisors Inc. OH bought a new position in Zeta Global during the fourth quarter worth about $13,976,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Zeta Global by 314.1% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 134,977 shares of the company’s stock worth $2,682,000 after purchasing an additional 102,380 shares during the period. Institutional investors own 87.75% of the company’s stock.

Analyst Upgrades and Downgrades

ZETA has been the topic of several research reports. DA Davidson upped their price objective on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. The Goldman Sachs Group upped their price objective 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. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a report on Monday, April 20th. KeyCorp upgraded shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a report on Tuesday, April 28th. Finally, Royal Bank Of Canada upped their price objective 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 equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

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.