Zeta Global (NYSE:ZETA) Downgraded by KeyCorp to “Sector Weight”

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

Other equities research analysts have also issued reports about the stock. B. Riley boosted their target price on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Bank of America boosted their price objective on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Morgan Stanley upped their target price on shares of Zeta Global from $30.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Barclays lifted their price target on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, DA Davidson upped their price target on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $39.08.

Zeta Global Stock Performance

Zeta Global stock traded down $0.20 during midday trading on Thursday, hitting $17.17. 18,464,057 shares of the company’s stock were exchanged, compared to its average volume of 3,073,484. Zeta Global has a 12-month low of $7.65 and a 12-month high of $38.20. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of -24.89 and a beta of 1.29. The firm’s 50 day simple moving average is $28.72 and its 200 day simple moving average is $22.44. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.98 and a current ratio of 3.32.

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

Institutional Trading of Zeta Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZETA. Wolff Wiese Magana LLC acquired a new position in shares of Zeta Global in the 3rd quarter valued at about $26,000. Farther Finance Advisors LLC lifted its position in Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after buying an additional 1,360 shares in the last quarter. Covestor Ltd grew its stake in Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after buying an additional 1,451 shares during the period. Advisors Asset Management Inc. increased its position in shares of Zeta Global by 104.1% in the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after acquiring an additional 1,136 shares in the last quarter. Finally, Quest Partners LLC raised its stake in shares of Zeta Global by 1,718.9% in the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after acquiring an additional 2,183 shares during the period. 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.