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

Key Points

• On Wednesday, Zeta Global Holdings Corp. experienced a significant increase in options trading, with traders purchasing 59,255 call options, a rise of approximately 375% from its average volume.
• The company’s shares surged $4.00 during the session, closing at $19.87, with a trading volume of 25,243,267 shares compared to the average of 6,593,302.
• Zeta Global reported quarterly earnings of $0.12 EPS, missing analysts' expectations, but showed a revenue increase of 35.4% year-over-year, totaling $308.44 million.

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Investors acquired 59,255 call options on the stock. Thisrepresentsanincreaseofapproximately375% compared to the average volume of 12,487 call options.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently modified their holdings of ZETA. China Universal Asset Management Co. Ltd. raised its position in shares of Zeta Global by 228.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 115,000 shares of the company's stock valued at $1,559,000 after buying an additional 80,000 shares in the last quarter. Summit Creek Advisors LLC increased its stake in Zeta Global by 33.6% during the first quarter. Summit Creek Advisors LLC now owns 1,047,677 shares of the company's stock worth $14,206,000 after acquiring an additional 263,451 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Zeta Global during the first quarter valued at approximately $360,000. Cetera Investment Advisers bought a new stake in shares of Zeta Global in the 4th quarter valued at approximately $538,000. Finally, Yong Rong HK Asset Management Ltd purchased a new stake in Zeta Global during the 1st quarter valued at $38,748,000. Institutional investors own 87.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ZETA. Royal Bank Of Canada cut their target price on Zeta Global from $40.00 to $30.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Morgan Stanley lifted their price objective on shares of Zeta Global from $15.00 to $20.00 and gave the stock an "equal weight" rating in a report on Wednesday. Canaccord Genuity Group upped their target price on shares of Zeta Global from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday. The Goldman Sachs Group raised their price target on shares of Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, B. Riley cut their price target on shares of Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $30.14.

Zeta Global Stock Performance

Shares of ZETA stock traded down $0.35 during mid-day trading on Friday, reaching $19.23. 3,575,677 shares of the company's stock traded hands, compared to its average volume of 6,836,508. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.33 and a current ratio of 3.33. The firm has a market capitalization of $4.53 billion, a PE ratio of -101.61, a price-to-earnings-growth ratio of 75.47 and a beta of 1.28. Zeta Global has a 12 month low of $10.69 and a 12 month high of $38.20. The firm has a 50 day moving average price of $14.85 and a two-hundred day moving average price of $15.31.

Zeta Global Company Profile

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.