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

KeyCorp downgraded shares of Zeta Global (NYSE:ZETA) from an overweight rating to a sector weight rating in a research report sent to investors on Thursday morning, MarketBeat.com reports.

ZETA has been the topic of a number of other research reports. B. Riley increased their price target on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Craig Hallum raised their target price on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Needham & Company LLC increased their price objective on shares of Zeta Global from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Barclays boosted their price objective on shares of Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Canaccord Genuity Group increased their target price on Zeta Global from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Zeta Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.08.

Zeta Global Trading Up 1.2 %

NYSE ZETA opened at $17.58 on Thursday. The stock has a market cap of $3.87 billion, a PE ratio of -25.11 and a beta of 1.29. Zeta Global has a 12 month low of $7.65 and a 12 month high of $38.20. The company’s 50-day moving average price is $28.57 and its 200-day moving average price is $22.62. The company has a current ratio of 3.32, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41.

Zeta Global (NYSE:ZETA) last issued its earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The company had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. During the same period last year, the business posted ($0.27) earnings per share. The business’s revenue was up 42.0% compared to the same quarter last year. Equities research analysts forecast that Zeta Global will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of Zeta Global by 18.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after purchasing an additional 674,192 shares during the last quarter. Barclays PLC increased its stake in Zeta Global by 36.4% during the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after purchasing an additional 112,238 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of Zeta Global in the third quarter worth $734,000. State Street Corp lifted its stake in shares of Zeta Global by 12.2% during the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after buying an additional 455,944 shares during the period. Finally, HighTower Advisors LLC grew its holdings in shares of Zeta Global by 4.2% during the third quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock valued at $668,000 after buying an additional 892 shares during the last quarter. Institutional investors and hedge funds 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.