Investors Purchase High Volume of Call Options on Zeta Global (NYSE:ZETA)

Zeta Global Holdings Corp. (NYSE:ZETA) saw unusually large options trading activity on Monday. Stock investors bought 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.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ZETA shares. Royal Bank Of Canada lifted their target price on shares of Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. The Goldman Sachs Group lifted their target price on shares of Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. DA Davidson lifted 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 Thursday, February 26th. Finally, 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 research report on Tuesday, April 28th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Zeta Global has an average rating of “Moderate Buy” and an average price target of $28.33.

Zeta Global Price Performance

ZETA stock opened at $19.19 on Tuesday. Zeta Global has a 12-month low of $12.10 and a 12-month high of $24.90. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $17.01 and its two-hundred day moving average price is $18.16. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of -174.46, a PEG ratio of 2.59 and a beta of 1.29.

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

Hedge Funds Weigh In On Zeta Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its stake in Zeta Global by 34.2% during the first quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company’s stock worth $62,000 after acquiring an additional 1,168 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Zeta Global by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,371 shares of the company’s stock worth $1,442,000 after acquiring an additional 4,631 shares in the last quarter. Caxton Associates LLP bought a new stake in Zeta Global during the first quarter worth about $205,000. Woodline Partners LP bought a new stake in Zeta Global during the first quarter worth about $222,000. Finally, Strs Ohio bought a new stake in Zeta Global during the first quarter worth about $117,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

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.