Zeta Global (NYSE:ZETA) Rating Increased to Strong-Buy at KeyCorp

Zeta Global (NYSE:ZETA) was upgraded by equities research analysts at KeyCorp to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

A number of other research firms have also weighed in on ZETA. Roth Mkm boosted their target price on shares of Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Oppenheimer boosted their price objective on Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and issued a $35.00 target price (up previously from $30.00) on shares of Zeta Global in a report on Friday, September 27th. Canaccord Genuity Group lifted their price target on Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Craig Hallum increased their price objective on Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $35.38.

Zeta Global Stock Performance

ZETA opened at $26.40 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market cap of $5.78 billion, a PE ratio of -24.91 and a beta of 1.27. The stock has a 50-day moving average of $27.63 and a 200-day moving average of $20.57. Zeta Global has a 52-week low of $7.38 and a 52-week high of $34.14.

Zeta Global (NYSE:ZETA) last announced its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. During the same period in the previous year, the company earned ($0.32) EPS. The firm’s revenue for the quarter was up 32.6% compared to the same quarter last year. As a group, equities research analysts forecast that Zeta Global will post -0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds have recently modified their holdings of ZETA. Hennion & Walsh Asset Management Inc. grew its position in Zeta Global by 27.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 28,409 shares of the company’s stock valued at $847,000 after acquiring an additional 6,101 shares during the period. Raymond James & Associates grew its holdings in shares of Zeta Global by 35.5% in the 3rd quarter. Raymond James & Associates now owns 107,406 shares of the company’s stock worth $3,204,000 after purchasing an additional 28,117 shares during the last quarter. Blue Trust Inc. increased its position in shares of Zeta Global by 10.9% during the 3rd quarter. Blue Trust Inc. now owns 20,831 shares of the company’s stock worth $621,000 after purchasing an additional 2,054 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in Zeta Global during the 3rd quarter valued at about $769,000. Finally, Bleakley Financial Group LLC bought a new stake in Zeta Global during the third quarter worth about $402,000. 75.82% of the stock is owned by institutional investors and hedge funds.

About Zeta Global

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.