Short Interest in Zeta Global Holdings Corp. (NYSE:ZETA) Grows By 54.3%

Zeta Global Holdings Corp. (NYSE:ZETA) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 13,420,000 shares, a growth of 54.3% from the October 15th total of 8,700,000 shares. Based on an average trading volume of 3,500,000 shares, the short-interest ratio is presently 3.8 days. Currently, 7.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds have recently made changes to their positions in ZETA. Wolff Wiese Magana LLC acquired a new position in Zeta Global in the 3rd quarter valued at $26,000. Quest Partners LLC grew its holdings in shares of Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after buying an additional 2,183 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after buying an additional 1,360 shares during the last quarter. Covestor Ltd lifted its stake in shares of Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after buying an additional 1,451 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Zeta Global by 104.1% in the third 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.

Analysts Set New Price Targets

ZETA has been the topic of several research analyst reports. DA Davidson boosted their target price on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays increased their price objective on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday. Craig Hallum boosted their target price on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday. Bank of America raised their price target on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Truist Financial reissued a “buy” rating and issued a $42.00 target price (up from $35.00) on shares of Zeta Global in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.23.

Zeta Global Price Performance

Shares of NYSE:ZETA traded down $0.35 during trading on Thursday, reaching $17.41. 16,546,123 shares of the company’s stock traded hands, compared to its average volume of 2,922,898. The firm has a market cap of $3.83 billion, a PE ratio of -25.33 and a beta of 1.29. Zeta Global has a fifty-two week low of $7.65 and a fifty-two week high of $38.20. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The company has a 50-day simple moving average of $28.90 and a 200-day simple moving average of $22.48.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. The company had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. During the same period in the previous year, the firm posted ($0.27) EPS. Zeta Global’s revenue was up 42.0% compared to the same quarter last year. As a group, analysts predict that Zeta Global will post -0.45 earnings per share 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.