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

Investment analysts at KeyCorp began coverage on shares of Zeta Global (NYSE:ZETA) in a report issued on Tuesday, MarketBeat.com reports. The brokerage set an “overweight” rating and a $40.00 price target on the stock. KeyCorp’s price target suggests a potential upside of 53.37% from the stock’s current price.

ZETA has been the subject of a number of other reports. Canaccord Genuity Group boosted their price objective on Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Roth Mkm upped their price target on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Needham & Company LLC restated a “buy” rating and set a $36.00 price objective on shares of Zeta Global in a research note on Wednesday, October 9th. Barclays lowered shares of Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 target price for the company. in a research note on Friday, October 18th. Finally, Bank of America raised their price target on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $35.38.

Zeta Global Price Performance

Shares of ZETA opened at $26.08 on Tuesday. The stock has a market cap of $5.71 billion, a P/E ratio of -24.66 and a beta of 1.27. The business’s fifty day moving average is $27.68 and its 200 day moving average is $20.67. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. Zeta Global has a 12-month low of $7.38 and a 12-month high of $34.14.

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 analysts’ consensus estimates of $0.10 by ($0.26). The business had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm’s quarterly revenue was up 32.6% on a year-over-year basis. During the same period last year, the business posted ($0.32) earnings per share. Sell-side analysts anticipate that Zeta Global will post -0.41 earnings per share for the current fiscal year.

Institutional Trading of Zeta Global

Several hedge funds have recently made changes to their positions in ZETA. Wolff Wiese Magana LLC purchased a new stake in Zeta Global in the 3rd quarter worth about $26,000. Quest Partners LLC increased its stake in shares of Zeta Global by 1,718.9% in 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. Point72 Hong Kong Ltd bought a new stake in shares of Zeta Global in the second quarter valued at approximately $99,000. Amalgamated Bank lifted its stake in shares of Zeta Global by 20.0% during the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after buying an additional 948 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Zeta Global in the 2nd quarter worth approximately $105,000. 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.