Traders Buy Large Volume of Zeta Global Call Options (NYSE:ZETA)

Zeta Global Holdings Corp. (NYSE:ZETA) was the target of some unusual options trading on Wednesday. Investors purchased 31,591 call options on the company. This represents an increase of 29% compared to the average volume of 24,457 call options.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. boosted its stake in shares of Zeta Global by 315.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 14,009 shares of the company’s stock valued at $278,000 after purchasing an additional 10,641 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Zeta Global by 17.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 31,842 shares of the company’s stock valued at $633,000 after purchasing an additional 4,751 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Zeta Global by 18.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 31,714 shares of the company’s stock valued at $651,000 after purchasing an additional 4,969 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Zeta Global by 6.5% in the 3rd quarter. Principal Financial Group Inc. now owns 14,264 shares of the company’s stock valued at $283,000 after purchasing an additional 874 shares in the last quarter. Finally, Lisanti Capital Growth LLC boosted its position in Zeta Global by 148.3% during the 3rd quarter. Lisanti Capital Growth LLC now owns 370,205 shares of the company’s stock valued at $7,356,000 after buying an additional 221,125 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Trading Up 14.0%

Shares of Zeta Global stock traded up $2.34 during trading on Wednesday, reaching $19.04. The company’s stock had a trading volume of 10,821,389 shares, compared to its average volume of 7,142,924. Zeta Global has a 52-week low of $10.69 and a 52-week high of $38.20. The company has a market cap of $4.53 billion, a price-to-earnings ratio of -100.75 and a beta of 1.27. The firm’s 50-day moving average is $19.37 and its two-hundred day moving average is $16.49. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.29.

Wall Street Analyst Weigh In

Several brokerages recently commented on ZETA. Canaccord Genuity Group boosted their price objective on shares of Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. DA Davidson reaffirmed a “buy” rating and set a $27.00 target price on shares of Zeta Global in a report on Wednesday. Truist Financial upped their target price on shares of Zeta Global from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Bank of America upped their target price on shares of Zeta Global from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a report on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.67.

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.