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

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) was the target of unusually large options trading on Friday. Stock investors acquired 15,810 call options on the stock. This represents an increase of 67% compared to the typical daily volume of 9,477 call options.

Zeta Global Price Performance

Shares of ZETA stock traded up $1.62 on Friday, reaching $14.21. The company had a trading volume of 17,846,807 shares, compared to its average volume of 5,554,334. The business's 50-day moving average is $13.06 and its 200 day moving average is $16.19. The stock has a market capitalization of $3.35 billion, a PE ratio of -48.98, a price-to-earnings-growth ratio of 31.21 and a beta of 1.25. Zeta Global has a one year low of $10.69 and a one year high of $38.20. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.29.

Institutional Trading of Zeta Global

Several hedge funds have recently bought and sold shares of ZETA. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Zeta Global by 753.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company's stock valued at $85,513,000 after acquiring an additional 5,567,201 shares in the last quarter. Yong Rong HK Asset Management Ltd purchased a new stake in shares of Zeta Global in the 1st quarter worth about $38,748,000. Jacobs Levy Equity Management Inc. bought a new position in Zeta Global during the 4th quarter valued at approximately $51,042,000. Norges Bank purchased a new position in Zeta Global in the fourth quarter worth about $43,236,000. Finally, Renaissance Technologies LLC grew its position in Zeta Global by 98.8% in the 4th quarter. Renaissance Technologies LLC now owns 4,719,762 shares of the company's stock worth $84,909,000 after purchasing an additional 2,345,562 shares during the period. Institutional investors and hedge funds own 87.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. B. Riley cut their price objective on Zeta Global from $44.00 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley decreased their target price on shares of Zeta Global from $25.00 to $15.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. William Blair reiterated an "outperform" rating on shares of Zeta Global in a research note on Wednesday, February 26th. Royal Bank Of Canada reduced their price objective on shares of Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, Needham & Company LLC reduced their price target on shares of Zeta Global from $43.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.36.

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.