Zeta Global (NYSE:ZETA) Upgraded to Strong-Buy by KeyCorp

Zeta Global (NYSE:ZETA) was upgraded by equities researchers at KeyCorp to a “strong-buy” rating in a report issued on Monday, Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity Group boosted their target price on Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. DA Davidson boosted their price objective on Zeta Global from $35.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Roth Mkm raised their target price on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Bank of America boosted their price target 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. Finally, Barclays cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 price objective on the stock. in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $35.38.

Zeta Global Stock Performance

Zeta Global stock opened at $26.40 on Monday. Zeta Global has a 12-month low of $7.38 and a 12-month high of $34.14. The stock has a 50-day simple moving average of $27.63 and a 200 day simple moving average of $20.57. 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 stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of -24.91 and a beta of 1.27.

Zeta Global (NYSE:ZETA) last announced 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 company had revenue of $227.80 million for 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 revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.32) earnings per share. On average, research analysts anticipate that Zeta Global will post -0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

Several institutional investors have recently modified their holdings of ZETA. Wolff Wiese Magana LLC acquired a new stake in shares of Zeta Global in the 3rd quarter valued at about $26,000. Quest Partners LLC boosted its stake 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 acquiring an additional 2,183 shares during the period. Point72 Hong Kong Ltd acquired a new position in Zeta Global in the 2nd quarter valued at about $99,000. Amalgamated Bank grew its holdings in Zeta Global by 20.0% in the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after buying an additional 948 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Zeta Global in the second quarter valued at about $105,000. Institutional investors own 75.82% of the company’s stock.

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.