Zeta Global Holdings Corp. (NYSE:ZETA) Short Interest Up 54.3% in October

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 13,420,000 shares, a growth of 54.3% from the October 15th total of 8,700,000 shares. Currently, 7.2% of the company's stock are sold short. Based on an average daily trading volume, of 3,500,000 shares, the days-to-cover ratio is presently 3.8 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. FMR LLC lifted its stake in Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company's stock worth $106,235,000 after acquiring an additional 3,557,119 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Zeta Global by 1,444.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company's stock valued at $32,610,000 after purchasing an additional 1,728,005 shares during the period. Summit Partners Public Asset Management LLC lifted its position in shares of Zeta Global by 210.4% in the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company's stock worth $74,978,000 after purchasing an additional 1,703,679 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Zeta Global during the second quarter worth approximately $28,698,000. Finally, Renaissance Technologies LLC grew its position in Zeta Global by 85.4% during the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company's stock valued at $35,635,000 after purchasing an additional 929,800 shares in the last quarter. Institutional investors own 75.82% of the company's stock.

Zeta Global Stock Performance

ZETA traded down $0.37 during trading on Thursday, reaching $17.39. 34,194,506 shares of the company were exchanged, compared to its average volume of 3,001,895. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. The stock has a market cap of $3.82 billion, a P/E ratio of -24.84 and a beta of 1.29. Zeta Global has a 52 week low of $7.65 and a 52 week high of $38.20. The firm has a 50 day moving average of $28.72 and a 200 day moving average of $22.44.

Zeta Global (NYSE:ZETA - Get Free Report) last announced its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 61.25%. The business had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. During the same period in the previous year, the firm earned ($0.27) EPS. The firm's revenue was up 42.0% on a year-over-year basis. On average, sell-side analysts forecast that Zeta Global will post -0.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ZETA. Roth Mkm increased their price target on Zeta Global from $33.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, October 1st. Morgan Stanley lifted their price target on shares of Zeta Global from $30.00 to $41.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Royal Bank of Canada increased their price objective on shares of Zeta Global from $33.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday. DA Davidson boosted their target price on shares of Zeta Global from $39.00 to $42.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Needham & Company LLC increased their price target on shares of Zeta Global from $36.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Zeta Global has a consensus rating of "Moderate Buy" and a consensus target price of $40.23.

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.