Zeta Global (NYSE:ZETA) Stock Rating Lowered by KeyCorp

Zeta Global (NYSE:ZETA) was downgraded by stock analysts at KeyCorp from an “overweight” rating to a “sector weight” rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports.

ZETA has been the subject of several other research reports. DA Davidson boosted their price objective on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday. B. Riley boosted their price objective on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Roth Mkm boosted their price objective on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Morgan Stanley boosted their price objective on Zeta Global from $30.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Barclays boosted their price objective on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.08.

Zeta Global Stock Performance

ZETA opened at $17.59 on Thursday. The company has a market cap of $3.87 billion, a PE ratio of -25.13 and a beta of 1.29. The stock has a 50-day moving average of $28.57 and a 200-day moving average of $22.48. Zeta Global has a 52-week low of $7.65 and a 52-week high of $38.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.98 and a current ratio of 3.32.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). The company had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The business’s revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.27) EPS. As a group, equities research analysts forecast that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Zeta Global by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after acquiring an additional 431,077 shares during the last quarter. State Street Corp grew its position in Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after acquiring an additional 455,944 shares during the last quarter. FMR LLC grew its position in Zeta Global by 84,132.4% during the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after acquiring an additional 3,557,119 shares during the last quarter. Clearbridge Investments LLC grew its position in Zeta Global by 2.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock worth $33,125,000 after acquiring an additional 77,962 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC grew its position in Zeta Global by 210.4% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after acquiring an additional 1,703,679 shares during the last quarter. 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.