Zeta Global (NYSE:ZETA) Now Covered by Analysts at KeyCorp

KeyCorp assumed coverage on shares of Zeta Global (NYSE:ZETA) in a report published on Tuesday, MarketBeat.com reports. The firm issued an overweight rating and a $40.00 price target on the stock.

ZETA has been the subject of several other research reports. Truist Financial reissued a “buy” rating and set a $35.00 price objective (up previously from $30.00) on shares of Zeta Global in a research report on Friday, September 27th. Morgan Stanley lowered Zeta Global from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $18.00 to $30.00 in a report on Thursday, August 1st. Craig Hallum raised their price objective on shares of Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Barclays cut 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, DA Davidson boosted their price objective on shares of Zeta Global from $35.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $35.69.

Zeta Global Stock Up 2.4 %

ZETA opened at $26.75 on Tuesday. The firm has a market cap of $5.88 billion, a P/E ratio of -30.40 and a beta of 1.27. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The business has a 50 day moving average price of $27.81 and a 200 day moving average price of $20.84. Zeta Global has a twelve month low of $7.38 and a twelve month high of $34.14.

Zeta Global (NYSE:ZETA) last issued 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 firm had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. Zeta Global’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. Research analysts forecast that Zeta Global will post -0.41 EPS for the current year.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZETA. Riggs Asset Managment Co. Inc. raised its stake in shares of Zeta Global by 142.0% in the third quarter. Riggs Asset Managment Co. Inc. now owns 75,999 shares of the company’s stock valued at $2,267,000 after acquiring an additional 44,596 shares during the last quarter. First Bank & Trust bought a new position in Zeta Global in the 3rd quarter valued at $304,000. Hennion & Walsh Asset Management Inc. raised its position in Zeta Global by 27.3% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 28,409 shares of the company’s stock valued at $847,000 after purchasing an additional 6,101 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Zeta Global by 35.5% during the third quarter. Raymond James & Associates now owns 107,406 shares of the company’s stock worth $3,204,000 after purchasing an additional 28,117 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Zeta Global by 10.9% in the third quarter. Blue Trust Inc. now owns 20,831 shares of the company’s stock valued at $621,000 after buying an additional 2,054 shares in the last quarter. 75.82% of the stock is currently owned by institutional investors and hedge funds.

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.