Zeta Global (NYSE:ZETA) Raised to Strong-Buy at KeyCorp

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

A number of other equities analysts have also commented on ZETA. Oppenheimer raised their price target on Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and set a $35.00 target price (up previously from $30.00) on shares of Zeta Global in a report on Friday, September 27th. Craig Hallum increased their price target on shares of Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Barclays cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 price objective for the company. in a research note on Friday, October 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $36.00 target price on shares of Zeta Global in a research note on Wednesday, October 9th. Two research 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. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $35.38.

Zeta Global Trading Down 1.2 %

Shares of Zeta Global stock opened at $26.08 on Monday. The firm has a market cap of $5.71 billion, a PE ratio of -24.60 and a beta of 1.27. Zeta Global has a 1 year low of $7.38 and a 1 year high of $34.14. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a fifty day moving average price of $27.68 and a 200-day moving average price of $20.67.

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

Institutional Investors Weigh In On Zeta Global

A number of institutional investors have recently made changes to their positions in the company. D. E. Shaw & Co. Inc. increased its holdings in Zeta Global by 1,444.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after buying an additional 1,728,005 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of Zeta Global during the second quarter valued at approximately $28,698,000. Renaissance Technologies LLC lifted its position in Zeta Global by 85.4% during the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after purchasing an additional 929,800 shares during the period. Millennium Management LLC grew its position in Zeta Global by 358.3% in the 2nd quarter. Millennium Management LLC now owns 1,189,295 shares of the company’s stock worth $20,991,000 after purchasing an additional 929,792 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in Zeta Global during the 2nd quarter valued at $9,783,000. 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.