Zeta Global (NYSE:ZETA) Receives New Coverage from Analysts at KeyCorp

Analysts at KeyCorp initiated coverage on shares of Zeta Global (NYSE:ZETA) in a report released on Tuesday, Briefing.com reports. The firm set an “overweight” rating and a $40.00 price target on the stock. KeyCorp’s price objective indicates a potential upside of 48.81% from the company’s previous close.

Several other brokerages also recently commented on ZETA. Barclays downgraded 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. Truist Financial reiterated a “buy” rating and set a $35.00 price target (up from $30.00) on shares of Zeta Global in a report on Friday, September 27th. Craig Hallum raised their price objective on Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, September 27th. Needham & Company LLC restated a “buy” rating and set a $36.00 price objective on shares of Zeta Global in a research report on Wednesday, October 9th. Finally, DA Davidson increased their target price on Zeta Global from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.38.

Zeta Global Trading Down 3.7 %

Shares of ZETA opened at $26.88 on Tuesday. 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 52-week low of $7.38 and a 52-week high of $34.14. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of -30.55 and a beta of 1.27. The business’s fifty day moving average is $27.63 and its 200-day moving average is $20.57.

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

Institutional Trading of Zeta Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. 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 valued at $3,204,000 after buying an additional 28,117 shares during the last quarter. Blue Trust Inc. boosted its stake in Zeta Global by 10.9% during the 3rd quarter. Blue Trust Inc. now owns 20,831 shares of the company’s stock valued at $621,000 after purchasing an additional 2,054 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in Zeta Global during the 3rd quarter valued at about $769,000. Bleakley Financial Group LLC bought a new stake in Zeta Global during the 3rd quarter worth approximately $402,000. Finally, nVerses Capital LLC raised its stake in shares of Zeta Global by 26.7% in the third quarter. nVerses Capital LLC now owns 15,200 shares of the company’s stock worth $453,000 after purchasing an additional 3,200 shares during the last quarter. 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.