Zeta Global Holdings Corp. (NYSE:ZETA) Short Interest Update

Zeta Global Holdings Corp. (NYSE:ZETA) was the recipient of a significant increase in short interest in 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. Currently, 7.2% of the shares of the stock are short sold. Based on an average daily volume of 3,500,000 shares, the short-interest ratio is presently 3.8 days.

Zeta Global Trading Down 2.0 %

Shares of NYSE ZETA traded down $0.35 during mid-day trading on Thursday, reaching $17.41. The company had a trading volume of 16,546,123 shares, compared to its average volume of 2,922,898. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of -25.33 and a beta of 1.29. Zeta Global has a 52 week low of $7.65 and a 52 week high of $38.20. The business’s 50-day moving average is $28.90 and its 200-day moving average is $22.48. 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 (NYSE:ZETA) last issued its earnings results on Monday, November 11th. The company reported ($0.09) 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 analysts’ expectations of $252.68 million. Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. The business’s revenue was up 42.0% compared to the same quarter last year. During the same period last year, the business posted ($0.27) earnings per share. Equities analysts expect that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Trading of Zeta Global

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Zeta Global by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after acquiring an additional 431,077 shares in the last quarter. FMR LLC raised its stake in Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after buying an additional 3,557,119 shares in the last quarter. Clearbridge Investments LLC boosted its position in Zeta Global by 2.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock valued at $33,125,000 after acquiring an additional 77,962 shares in the last quarter. Summit Partners Public Asset Management LLC increased its holdings in shares of Zeta Global by 210.4% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock valued at $74,978,000 after acquiring an additional 1,703,679 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Zeta Global by 85.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock worth $35,635,000 after acquiring an additional 929,800 shares in the last quarter. 75.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Craig Hallum upped their price objective on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday. Truist Financial reaffirmed a “buy” rating and issued a $42.00 target price (up from $35.00) on shares of Zeta Global in a report on Tuesday. KeyCorp downgraded Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday. B. Riley increased their target price on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Canaccord Genuity Group raised their target price on shares of Zeta Global from $35.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $40.23.

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.