Zeta Global (NYSE:ZETA) Now Covered by Analysts at KeyCorp

KeyCorp began coverage on shares of Zeta Global (NYSE:ZETA - Free Report) in a research note issued to investors on Tuesday, MarketBeat reports. The firm issued an overweight rating and a $40.00 price target on the stock.

A number of other research analysts also recently issued reports on the stock. Truist Financial reiterated a "buy" rating and issued a $35.00 price target (up previously from $30.00) on shares of Zeta Global in a research note on Friday, September 27th. Bank of America boosted their target price on Zeta Global from $30.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, September 26th. B. Riley upped their price objective on Zeta Global from $30.00 to $37.00 and gave the stock a "buy" rating in a report on Monday, September 30th. DA Davidson upped 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. Finally, Barclays lowered Zeta Global from an "overweight" rating to an "equal weight" rating and set a $28.00 price objective on the stock. in a report on Friday. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Zeta Global has a consensus rating of "Moderate Buy" and an average target price of $35.38.

Zeta Global Trading Down 1.8 %

NYSE:ZETA traded down $0.49 during trading hours on Tuesday, hitting $26.40. The company had a trading volume of 2,984,938 shares, compared to its average volume of 2,493,488. 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 company has a 50-day moving average of $27.63 and a 200 day moving average of $20.57. The company has a market cap of $5.78 billion, a P/E ratio of -24.91 and a beta of 1.27. 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) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.26). The company had revenue of $227.80 million during the quarter, compared to analysts' expectations of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm's quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.32) earnings per share. Sell-side analysts expect that Zeta Global will post -0.41 earnings per share for the current year.

Institutional Trading of Zeta Global

Several hedge funds have recently made changes to their positions in ZETA. Vanguard Group Inc. raised its stake in Zeta Global by 2.3% during 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. Counterpoint Mutual Funds LLC increased its position in shares of Zeta Global by 9.4% during the 1st 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. Register Financial Advisors LLC increased its position in shares of Zeta Global by 66.7% during the 1st quarter. Register Financial Advisors LLC now owns 28,000 shares of the company's stock valued at $306,000 after purchasing an additional 11,200 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Zeta Global by 9.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 38,732 shares of the company's stock valued at $423,000 after purchasing an additional 3,295 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Zeta Global by 18.9% during the 1st quarter. Principal Financial Group Inc. now owns 18,894 shares of the company's stock valued at $207,000 after purchasing an additional 2,997 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.