Zeta Global (NYSE:ZETA) Upgraded to “Strong-Buy” at KeyCorp

KeyCorp upgraded shares of Zeta Global (NYSE:ZETA) to a strong-buy rating in a report released on Monday, Zacks.com reports.

Several other equities analysts have also recently issued reports on ZETA. Roth Mkm boosted their price objective on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 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. Bank of America lifted their target price on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Canaccord Genuity Group lifted their target price on shares of Zeta Global from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Craig Hallum lifted their target price on shares of Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $35.69.

Zeta Global Price Performance

Shares of ZETA opened at $26.13 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. Zeta Global has a fifty-two week low of $7.38 and a fifty-two week high of $34.14. The firm has a 50-day simple moving average of $27.73 and a 200-day simple moving average of $20.70. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of -29.69 and a beta of 1.27.

Zeta Global (NYSE:ZETA) last announced its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.26). The company had revenue of $227.80 million during the quarter, compared to analysts’ expectations of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.32) earnings per share. On average, equities research analysts anticipate that Zeta Global will post -0.41 earnings per share for the current year.

Institutional Trading of Zeta Global

A number of institutional investors have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC purchased a new stake in shares of Zeta Global in the third quarter valued at about $26,000. Quest Partners LLC lifted its holdings 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 valued at $41,000 after purchasing an additional 2,183 shares in the last quarter. CWM LLC lifted its holdings in shares of Zeta Global by 1,682.3% in the third quarter. CWM LLC now owns 5,240 shares of the company’s stock valued at $156,000 after purchasing an additional 4,946 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Zeta Global in the second quarter valued at about $99,000. Finally, Amalgamated Bank lifted its holdings in shares of Zeta Global by 20.0% in the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares in the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.

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.