Barclays Downgrades Zeta Global (NYSE:ZETA) to Equal Weight

Barclays lowered shares of Zeta Global (NYSE:ZETA - Free Report) from an overweight rating to an equal weight rating in a research note published on Friday, MarketBeat reports. The firm currently has $28.00 price target on the stock.

A number of other brokerages have also recently commented on ZETA. Bank of America increased their target price on shares of Zeta Global from $30.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. B. Riley increased their target price on shares of Zeta Global from $30.00 to $37.00 and gave the company a "buy" rating in a research report on Monday, September 30th. DA Davidson raised their price objective on shares of Zeta Global from $35.00 to $39.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Canaccord Genuity Group raised their price objective on shares of Zeta Global from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Finally, Roth Mkm raised their price objective on shares of Zeta Global from $33.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Zeta Global currently has an average rating of "Moderate Buy" and an average target price of $35.00.

Zeta Global Price Performance

Shares of NYSE ZETA traded down $2.09 during mid-day trading on Friday, reaching $27.91. The company's stock had a trading volume of 6,743,680 shares, compared to its average volume of 2,473,682. The stock has a 50-day moving average of $27.55 and a two-hundred day moving average of $20.32. The stock has a market capitalization of $6.11 billion, a P/E ratio of -26.33 and a beta of 1.27. 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 1-year low of $7.38 and a 1-year high of $34.14.

Zeta Global (NYSE:ZETA - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported ($0.16) 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 analyst estimates of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. Zeta Global's quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.32) earnings per share. On average, equities research analysts anticipate that Zeta Global will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors have recently made changes to their positions in the stock. Juncture Wealth Strategies LLC increased its position in shares of Zeta Global by 3.1% during the third quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company's stock valued at $633,000 after acquiring an additional 634 shares during the last quarter. Essex Investment Management Co. LLC increased its position in shares of Zeta Global by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company's stock valued at $9,137,000 after acquiring an additional 856 shares during the last quarter. Wolff Wiese Magana LLC acquired a new stake in shares of Zeta Global during the third quarter valued at about $26,000. Amalgamated Bank boosted its stake in shares of Zeta Global by 20.0% in the second quarter. Amalgamated Bank now owns 5,691 shares of the company's stock valued at $100,000 after purchasing an additional 948 shares during the period. Finally, Counterpoint Mutual Funds LLC boosted its stake in shares of Zeta Global by 9.4% in the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company's stock valued at $136,000 after purchasing an additional 1,065 shares during the period. 75.82% of the stock is currently owned by institutional investors and hedge funds.

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.