Zeta Global (NYSE:ZETA) Earns Overweight Rating from Analysts at KeyCorp

Research analysts at KeyCorp initiated coverage on shares of Zeta Global (NYSE:ZETA) in a note issued to investors on Tuesday, Briefing.com reports. The firm set an “overweight” rating and a $40.00 price target on the stock. KeyCorp’s price objective would indicate a potential upside of 48.81% from the stock’s current price.

A number of other analysts have also recently issued reports on the company. Bank of America raised their price objective on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Morgan Stanley downgraded Zeta Global from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $18.00 to $30.00 in a report on Thursday, August 1st. Barclays downgraded shares of 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. Roth Mkm increased 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $34.00 target price on shares of Zeta Global in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.38.

Zeta Global Price Performance

Shares of ZETA opened at $26.88 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. The company’s fifty day simple moving average is $27.63 and its 200 day simple moving average is $20.57. Zeta Global has a 1-year low of $7.38 and a 1-year high of $34.14. The company has a market cap of $5.91 billion, a price-to-earnings ratio of -30.55 and a beta of 1.27.

Zeta Global (NYSE:ZETA) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The firm had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. During the same quarter in the prior year, the firm earned ($0.32) earnings per share. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. On average, research analysts forecast that Zeta Global will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Several institutional investors 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 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after purchasing an additional 2,183 shares in the last quarter. CWM LLC increased its position in shares of Zeta Global by 1,682.3% in the third quarter. CWM LLC now owns 5,240 shares of the company’s stock worth $156,000 after purchasing an additional 4,946 shares during the period. Point72 Hong Kong Ltd acquired a new position in Zeta Global in the second quarter valued at about $99,000. Finally, Amalgamated Bank lifted its position in Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after purchasing an additional 948 shares during the period. 75.82% of the stock is currently owned by institutional investors.

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.