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

Zeta Global Holdings Corp. (NYSE:ZETA) saw a significant increase in short interest during 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. Based on an average trading volume of 3,500,000 shares, the days-to-cover ratio is currently 3.8 days. Approximately 7.2% of the company’s shares are short sold.

Zeta Global Trading Up 1.2 %

Zeta Global stock traded up $0.21 during trading hours on Friday, hitting $17.58. 25,433,628 shares of the stock traded hands, compared to its average volume of 8,545,498. The company has a quick ratio of 1.98, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average price is $28.57 and its 200-day moving average price is $22.48. Zeta Global has a 1 year low of $7.65 and a 1 year high of $38.20.

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

Institutional Investors Weigh In On Zeta Global

Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in Zeta Global by 9.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 38,732 shares of the company’s stock worth $423,000 after acquiring an additional 3,295 shares during the period. Swiss National Bank lifted its position in Zeta Global by 1.3% in the first quarter. Swiss National Bank now owns 309,600 shares of the company’s stock valued at $3,384,000 after buying an additional 4,000 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Zeta Global by 99.3% during the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock valued at $6,062,000 after acquiring an additional 276,294 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Zeta Global by 9.7% in the 1st quarter. ProShare Advisors LLC now owns 25,249 shares of the company’s stock valued at $276,000 after acquiring an additional 2,236 shares during the period. Finally, Entropy Technologies LP acquired a new position in shares of Zeta Global in the 1st quarter worth approximately $153,000. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Craig Hallum boosted their price objective on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday. Canaccord Genuity Group raised their price target on shares of Zeta Global from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday. Truist Financial restated a “buy” rating and issued a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday. Roth Mkm boosted their price objective on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, Oppenheimer raised their target price on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.