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

Zeta Global (NYSE:ZETA) was upgraded by stock analysts at KeyCorp to a “strong-buy” rating in a research note issued to investors on Monday, Zacks.com reports.

Other research analysts have also issued reports about the company. Barclays lowered Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 target price on the stock. in a report on Friday, October 18th. Bank of America lifted their price objective on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Oppenheimer increased 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. DA Davidson lifted their price target on shares of Zeta Global from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Morgan Stanley downgraded Zeta Global from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $18.00 to $30.00 in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $35.38.

Zeta Global Stock Down 1.8 %

ZETA stock opened at $26.40 on Monday. The firm’s 50-day moving average is $27.63 and its two-hundred day moving average is $20.57. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of -24.91 and a beta of 1.27. Zeta Global has a 52 week low of $7.38 and a 52 week high of $34.14.

Zeta Global (NYSE:ZETA) last released its 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 firm had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. During the same quarter last year, the company earned ($0.32) earnings per share. The business’s revenue for the quarter was up 32.6% on a year-over-year basis. On average, analysts forecast that Zeta Global will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors have recently bought and sold shares of ZETA. Juncture Wealth Strategies LLC lifted its position in shares of Zeta Global by 3.1% in the third quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock worth $633,000 after purchasing an additional 634 shares in the last quarter. Essex Investment Management Co. LLC lifted its position in Zeta Global by 0.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock worth $9,137,000 after buying an additional 856 shares in the last quarter. Wolff Wiese Magana LLC acquired a new stake in shares of Zeta Global during the 3rd quarter valued at $26,000. Amalgamated Bank grew its holdings 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 acquiring an additional 948 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Zeta Global by 4.6% in the second quarter. Arizona State Retirement System now owns 45,060 shares of the company’s stock worth $795,000 after acquiring an additional 1,980 shares during the last quarter. 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.