Investors Purchase Large Volume of Call Options on Zeta Global (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) saw some unusual options trading activity on Wednesday. Investors purchased 59,255 call options on the stock. Thisisanincreaseofapproximately375% compared to the typical volume of 12,487 call options.

Institutional Investors Weigh In On Zeta Global

Institutional investors and hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. lifted its stake in Zeta Global by 60.9% during the fourth quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock valued at $25,000 after buying an additional 532 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in Zeta Global by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 18,698 shares of the company's stock valued at $336,000 after buying an additional 592 shares in the last quarter. Palouse Capital Management Inc. lifted its position in shares of Zeta Global by 6.1% in the 2nd quarter. Palouse Capital Management Inc. now owns 10,794 shares of the company's stock valued at $167,000 after acquiring an additional 619 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Zeta Global by 1.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 63,330 shares of the company's stock valued at $981,000 after acquiring an additional 804 shares in the last quarter. Finally, SlateStone Wealth LLC lifted its position in shares of Zeta Global by 5.8% in the 1st quarter. SlateStone Wealth LLC now owns 17,154 shares of the company's stock valued at $233,000 after acquiring an additional 948 shares in the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZETA has been the subject of a number of analyst reports. Truist Financial reduced their target price on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. The Goldman Sachs Group boosted their price objective on Zeta Global from $16.00 to $18.00 and gave the stock a "neutral" rating in a research report on Thursday. Wall Street Zen upgraded Zeta Global from a "hold" rating to a "buy" rating in a research report on Saturday. B. Riley reduced their price objective on Zeta Global from $44.00 to $29.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Bank of America boosted their price target on Zeta Global from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.14.

Zeta Global Trading Down 4.3%

Shares of Zeta Global stock traded down $0.85 during trading on Friday, hitting $18.73. The stock had a trading volume of 13,081,854 shares, compared to its average volume of 11,562,938. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $14.96 and a two-hundred day moving average of $15.28. Zeta Global has a fifty-two week low of $10.69 and a fifty-two week high of $38.20.

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.