Zeta Global Target of Unusually High Options Trading (NYSE:ZETA)

Key Points

• Zeta Global experienced a significant surge in options trading, with 48,701 call options purchased, reflecting a 132% increase from its typical volume.
• Several financial analysts have raised their target prices for Zeta Global, with recommendations ranging from "buy" to "neutral," leading to a consensus rating of "Moderate Buy" with an average target price of $29.38.
• Institutional investors hold a substantial 87.75% of Zeta Global's stock, with notable increases in stakes by various banking and investment firms in recent quarters.

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) was the recipient of unusually large options trading on Wednesday. Stock investors bought 48,701 call options on the stock. This is an increase of approximately 132% compared to the typical volume of 21,036 call options.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Canaccord Genuity Group boosted their target price on Zeta Global from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, October 1st. The Goldman Sachs Group upped their target price on Zeta Global from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Morgan Stanley upped their target price on Zeta Global from $15.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Needham & Company LLC increased their price target on Zeta Global from $20.00 to $25.00 and gave the stock a "buy" rating in a report on Wednesday, October 1st. Finally, Wall Street Zen upgraded Zeta Global from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $29.38.

Zeta Global Stock Performance

Shares of Zeta Global stock traded up $0.01 during trading hours on Wednesday, hitting $19.97. 14,431,358 shares of the company's stock traded hands, compared to its average volume of 7,025,808. Zeta Global has a 12-month low of $10.69 and a 12-month high of $38.20. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of -105.35 and a beta of 1.29. The company has a fifty day simple moving average of $19.24 and a 200-day simple moving average of $15.67. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.25 and a quick ratio of 3.25.

Institutional Investors Weigh In On Zeta Global

Several large investors have recently added to or reduced their stakes in the company. Moody National Bank Trust Division increased its holdings in Zeta Global by 50.5% in the 3rd quarter. Moody National Bank Trust Division now owns 83,942 shares of the company's stock worth $1,668,000 after acquiring an additional 28,184 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in Zeta Global in the 3rd quarter worth about $73,000. Nomura Holdings Inc. boosted its stake in Zeta Global by 6.0% in the 2nd quarter. Nomura Holdings Inc. now owns 162,424 shares of the company's stock worth $2,516,000 after purchasing an additional 9,123 shares during the period. Castleark Management LLC bought a new position in Zeta Global in the 2nd quarter worth about $791,000. Finally, Tower Research Capital LLC TRC boosted its stake in Zeta Global by 580.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 28,126 shares of the company's stock worth $436,000 after purchasing an additional 23,994 shares during the period. Hedge funds and other institutional investors own 87.75% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.