Zeta Global Holdings Corp. (NYSE:ZETA) Sees Large Growth in Short Interest

Zeta Global Holdings Corp. (NYSE:ZETA) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 13,420,000 shares, an increase of 54.3% from the October 15th total of 8,700,000 shares. Approximately 7.2% of the shares of the company are sold short. Based on an average daily volume of 3,500,000 shares, the short-interest ratio is presently 3.8 days.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ZETA. Canaccord Genuity Group increased their target price on shares of Zeta Global from $35.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday. Truist Financial reaffirmed a “buy” rating and set a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research report on Tuesday. Barclays boosted their target price on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday. Bank of America upped their price target on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, Roth Mkm lifted their price objective on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $39.08.

Institutional Trading of Zeta Global

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Zeta Global by 18.8% in the third quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after purchasing an additional 674,192 shares in the last quarter. Barclays PLC lifted its stake in Zeta Global by 36.4% in the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after buying an additional 112,238 shares in the last quarter. National Bank of Canada FI purchased a new stake in Zeta Global in the 3rd quarter valued at approximately $734,000. State Street Corp grew its holdings in Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after buying an additional 455,944 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in Zeta Global by 4.2% during the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after buying an additional 892 shares in the last quarter. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Stock Performance

Shares of NYSE ZETA traded up $0.21 during midday trading on Friday, hitting $17.58. The company had a trading volume of 25,433,628 shares, compared to its average volume of 8,545,498. Zeta Global has a twelve month low of $7.65 and a twelve month high of $38.20. The business has a 50-day simple moving average of $28.57 and a two-hundred day simple moving average of $22.48. The company has a quick ratio of 1.98, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The company had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. Zeta Global’s revenue was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.27) earnings per share. Sell-side analysts predict that Zeta Global will post -0.45 EPS for the current year.

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.