Zeta Global (NYSE:ZETA) Now Covered by KeyCorp

Investment analysts at KeyCorp initiated coverage on shares of Zeta Global (NYSE:ZETA) in a note issued to investors on Tuesday, MarketBeat.com reports. The firm set an “overweight” rating and a $40.00 price target on the stock. KeyCorp’s price objective would suggest a potential upside of 53.37% from the company’s previous close.

Other analysts have also issued research reports about the stock. Needham & Company LLC restated a “buy” rating and issued a $36.00 target price on shares of Zeta Global in a research report on Wednesday, October 9th. 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. Bank of America boosted their price objective on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Barclays downgraded Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 target price for the company. in a research report on Friday, October 18th. Finally, Morgan Stanley cut Zeta Global from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $18.00 to $30.00 in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $35.38.

Zeta Global Stock Performance

NYSE ZETA opened at $26.08 on Tuesday. Zeta Global has a 1 year low of $7.38 and a 1 year high of $34.14. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of -24.66 and a beta of 1.27. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. The firm’s 50 day simple moving average is $27.68 and its 200 day simple moving average is $20.67.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.32) EPS. As a group, research analysts expect that Zeta Global will post -0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds have recently bought and sold shares of the company. Harbour Capital Advisors LLC acquired a new stake in Zeta Global during the third quarter worth approximately $769,000. Vanguard Group Inc. increased its stake in shares of Zeta Global by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock valued at $143,647,000 after acquiring an additional 370,912 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Zeta Global by 99.3% during the 1st quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock valued at $6,062,000 after acquiring an additional 276,294 shares during the period. Lazard Asset Management LLC bought a new position in Zeta Global during the first quarter worth $4,113,000. Finally, Bwcp LP grew its holdings in Zeta Global by 6.2% in the second quarter. Bwcp LP now owns 1,805,867 shares of the company’s stock worth $31,874,000 after purchasing an additional 106,034 shares during the period. 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.