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

Zeta Global Holdings Corp. (NYSE:ZETA) was the recipient of some unusual options trading activity on Thursday. Investors acquired 23,984 call options on the company. This is an increase of approximately 47% compared to the typical daily volume of 16,285 call options.

Insider Activity

In related news, CEO David Steinberg acquired 53,676 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $19.24 per share, with a total value of $1,032,726.24. Following the completion of the acquisition, the chief executive officer now directly owns 65,310 shares of the company’s stock, valued at approximately $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Christopher E. Greiner bought 7,975 shares of the business’s stock in a transaction on Monday, November 18th. The stock was bought at an average cost of $18.80 per share, with a total value of $149,930.00. Following the transaction, the chief financial officer now owns 2,330,010 shares in the company, valued at $43,804,188. This trade represents a 0.34 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 129,901 shares of company stock worth $2,471,244. Insiders own 25.54% of the company’s stock.

Hedge Funds Weigh In On Zeta Global

Several institutional investors have recently bought and sold shares of ZETA. Vanguard Group Inc. grew its holdings in shares of Zeta Global by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 22,177,591 shares of the company’s stock worth $398,975,000 after purchasing an additional 489,499 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in Zeta Global by 85.0% during the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after buying an additional 2,623,980 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Zeta Global by 98.8% during the fourth quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company’s stock worth $84,909,000 after buying an additional 2,345,562 shares in the last quarter. Geode Capital Management LLC increased its holdings in Zeta Global by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 4,573,271 shares of the company’s stock valued at $82,470,000 after buying an additional 306,592 shares during the period. Finally, State Street Corp raised its stake in shares of Zeta Global by 12.2% in the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after buying an additional 455,944 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ZETA has been the topic of several analyst reports. Barclays boosted their price objective on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Oppenheimer upped their target price on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Morgan Stanley decreased their price target on shares of Zeta Global from $26.00 to $23.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Truist Financial reissued a “buy” rating and issued a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group initiated coverage on Zeta Global in a research report on Wednesday, December 11th. They set a “neutral” rating and a $30.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Zeta Global Stock Performance

Shares of ZETA stock traded up $1.89 during trading hours on Thursday, reaching $23.20. The stock had a trading volume of 5,439,069 shares, compared to its average volume of 4,429,182. The firm has a 50-day simple moving average of $19.47 and a 200-day simple moving average of $23.85. The firm has a market capitalization of $5.51 billion, a PE ratio of -33.03, a price-to-earnings-growth ratio of 1.54 and a beta of 1.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global has a twelve month low of $9.75 and a twelve month high of $38.20.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). The firm had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The firm’s revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.27) EPS. As a group, equities analysts forecast that Zeta Global will post -0.16 earnings per share for the current year.

About Zeta Global

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.