Zeta Global (NYSE:ZETA) Lowered to “Sector Weight” Rating by KeyCorp

KeyCorp cut shares of Zeta Global (NYSE:ZETA) from an overweight rating to a sector weight rating in a research note released on Thursday, MarketBeat reports.

Several other research firms also recently issued reports on ZETA. Morgan Stanley lifted their price objective on Zeta Global from $30.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday. Needham & Company LLC upped their price target on shares of Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday. Bank of America raised their price objective 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. Barclays boosted their target price on shares of Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Canaccord Genuity Group increased 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. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.08.

Zeta Global Stock Down 1.2 %

Shares of ZETA traded down $0.20 during mid-day trading on Thursday, reaching $17.17. 18,464,057 shares of the stock traded hands, compared to its average volume of 3,073,484. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of -24.89 and a beta of 1.29. The stock has a fifty day simple moving average of $28.72 and a 200 day simple moving average of $22.44. The company has a quick ratio of 1.98, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global has a 12-month low of $7.65 and a 12-month high of $38.20.

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

Institutional Trading of Zeta Global

Large investors have recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC acquired a new stake in shares of Zeta Global in the 3rd quarter worth approximately $26,000. Quest Partners LLC raised its holdings in 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 purchasing an additional 2,183 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after purchasing an additional 1,360 shares during the period. Covestor Ltd boosted its stake in Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after purchasing an additional 1,451 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after purchasing an additional 1,136 shares during the period. 75.82% of the stock is currently 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.