Zeta Global (NYSE:ZETA) Lowered to “Sector Weight” Rating by KeyCorp

Zeta Global (NYSE:ZETA) was downgraded by investment analysts at KeyCorp from an “overweight” rating to a “sector weight” rating in a research report issued on Thursday,Briefing.com Automated Import reports.

A number of other equities analysts also recently issued reports on ZETA. Oppenheimer upped their price target on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday. Bank of America upped their price target on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Morgan Stanley boosted their price objective on shares of Zeta Global from $30.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday. Craig Hallum boosted their price objective on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Truist Financial reissued a “buy” rating and set a $42.00 price objective (up from $35.00) on shares of Zeta Global in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.23.

Zeta Global Stock Performance

Shares of NYSE:ZETA opened at $17.73 on Thursday. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of -25.33 and a beta of 1.29. Zeta Global has a 52 week low of $7.65 and a 52 week high of $38.20. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average of $28.90 and a 200 day moving average of $22.48.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The business had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.27) earnings per share. On average, sell-side analysts predict that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wolff Wiese Magana LLC acquired a new position in shares of Zeta Global during the 3rd quarter worth about $26,000. Quest Partners LLC raised its position in shares of Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after purchasing an additional 2,183 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after purchasing an additional 1,360 shares during the last quarter. Covestor Ltd raised its position in shares of Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after purchasing an additional 1,136 shares during the last quarter. Institutional investors and hedge funds 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.