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

Zeta Global Holdings Corp. (NYSE:ZETA) was the target of some unusual options trading activity on Thursday. Stock investors purchased 23,984 call options on the company. This represents an increase of approximately 47% compared to the typical volume of 16,285 call options.

Insider Activity at Zeta Global

In related news, CFO Christopher E. Greiner acquired 7,975 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $18.80 per share, with a total value of $149,930.00. Following the completion of the purchase, the chief financial officer now directly owns 2,330,010 shares in the company, valued at $43,804,188. The trade was a 0.34 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David Steinberg bought 53,676 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $19.24 per share, with a total value of $1,032,726.24. Following the transaction, the chief executive officer now directly owns 65,310 shares in the company, valued at approximately $1,256,564.40. This trade represents a 461.37 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 129,901 shares of company stock worth $2,471,244 in the last quarter. 25.54% of the stock is owned by insiders.

Institutional Trading of Zeta Global

Several institutional investors have recently made changes to their positions in ZETA. Wolff Wiese Magana LLC purchased a new position in Zeta Global in the third quarter worth $26,000. Farther Finance Advisors LLC raised its stake in shares of Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after purchasing an additional 1,360 shares during the period. Covestor Ltd boosted its holdings in shares of Zeta Global by 2,902.0% in the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after buying an additional 1,451 shares during the last quarter. Rakuten Securities Inc. bought a new position in Zeta Global during the fourth quarter valued at about $27,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Zeta Global during the fourth quarter worth about $33,000. Institutional investors own 87.75% of the company’s stock.

Zeta Global Stock Performance

Shares of ZETA opened at $23.49 on Friday. The firm has a market capitalization of $5.58 billion, a P/E ratio of -33.55, a P/E/G ratio of 1.54 and a beta of 1.17. Zeta Global has a 52 week low of $9.75 and a 52 week high of $38.20. The stock has a 50 day moving average price of $19.42 and a two-hundred day moving average price of $23.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). The company had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.27) EPS. Equities analysts forecast that Zeta Global will post -0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ZETA shares. Oppenheimer lifted their price objective on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Truist Financial reissued a “buy” rating and issued a $42.00 price target (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Morgan Stanley reduced their price objective on shares of Zeta Global from $26.00 to $23.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. KeyCorp downgraded shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada reduced their price target on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.43.

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.