Investors Purchase Large Volume of Put Options on Zeta Global (NYSE:ZETA)

Zeta Global Holdings Corp. (NYSE:ZETA) saw unusually large options trading on Tuesday. Investors purchased 63,750 put options on the company. This is an increase of 1,211% compared to the average daily volume of 4,863 put options.

Zeta Global Stock Down 23.2 %

Shares of ZETA traded down $8.52 during midday trading on Tuesday, reaching $28.22. 19,454,566 shares of the company were exchanged, compared to its average volume of 2,666,603. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. Zeta Global has a 1-year low of $7.65 and a 1-year high of $38.20. The company has a market cap of $6.21 billion, a price-to-earnings ratio of -32.97 and a beta of 1.29. The stock has a 50-day moving average price of $28.99 and a 200-day moving average price of $22.40.

Zeta Global (NYSE:ZETA) last released 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 firm had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The business’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period last year, the firm earned ($0.27) EPS. Research analysts expect that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wolff Wiese Magana LLC bought a new position in shares of Zeta Global in the third quarter valued at approximately $26,000. Quest Partners LLC lifted its position in Zeta Global by 1,718.9% in the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after purchasing an additional 2,183 shares during the period. Farther Finance Advisors LLC boosted its stake in Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after purchasing an additional 1,360 shares in the last quarter. Covestor Ltd increased its position in shares of Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after purchasing an additional 1,451 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of Zeta Global by 104.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after buying an additional 1,136 shares in the last quarter. Institutional investors and hedge funds own 75.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ZETA shares. Needham & Company LLC increased their target price on shares of Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays lowered Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 price objective on the stock. in a report on Friday, October 18th. Royal Bank of Canada boosted their target price on Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Monday. Truist Financial restated a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday. Finally, DA Davidson boosted their price objective on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $39.08.

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.