Barclays Downgrades Zeta Global (NYSE:ZETA) to Equal Weight

Zeta Global (NYSE:ZETA) was downgraded by equities research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. They presently have a $28.00 price target on the stock. Barclays‘s price objective would suggest a potential upside of 0.36% from the company’s previous close.

Several other equities analysts have also recently weighed in on ZETA. Roth Mkm lifted their target price on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of Zeta Global in a research note on Wednesday, October 9th. Oppenheimer lifted their target price on shares of Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and issued a $35.00 price target (up from $30.00) on shares of Zeta Global in a research note on Friday, September 27th. Finally, B. Riley lifted their price objective on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.00.

Zeta Global Trading Down 7.0 %

Zeta Global stock opened at $27.90 on Friday. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of -26.32 and a beta of 1.27. Zeta Global has a 1 year low of $7.38 and a 1 year high of $34.14. The firm’s 50 day moving average price is $27.55 and its two-hundred day moving average price is $20.39. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share 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 during the quarter, compared to analysts’ expectations of $212.44 million. During the same period in the prior year, the business posted ($0.32) EPS. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year. On average, research analysts predict that Zeta Global will post -0.41 EPS for the current fiscal year.

Institutional Trading of Zeta Global

A number of hedge funds have recently modified their holdings of the company. Juncture Wealth Strategies LLC lifted its holdings in shares of Zeta Global by 3.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock worth $633,000 after acquiring an additional 634 shares during the period. Essex Investment Management Co. LLC lifted its stake in Zeta Global by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock worth $9,137,000 after purchasing an additional 856 shares during the period. Wolff Wiese Magana LLC acquired a new stake in Zeta Global during the third quarter valued at approximately $26,000. Amalgamated Bank grew its stake in shares of Zeta Global by 20.0% in the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares during the period. Finally, Counterpoint Mutual Funds LLC raised its holdings in shares of Zeta Global by 9.4% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock worth $136,000 after buying an additional 1,065 shares in the last quarter. Institutional investors own 75.82% of the company’s stock.

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.