Zeta Global (NYSE:ZETA) Upgraded at KeyCorp

KeyCorp upgraded shares of Zeta Global (NYSE:ZETA) to a strong-buy rating in a research report sent to investors on Monday morning, Zacks.com reports.

A number of other brokerages have also recently commented on ZETA. Roth Mkm increased their price target on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Oppenheimer increased their price objective on Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. B. Riley increased their price objective on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Craig Hallum lifted their price objective on Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Canaccord Genuity Group lifted their price objective on Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. 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. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $35.38.

Zeta Global Stock Down 1.8 %

NYSE ZETA opened at $26.40 on Monday. The business has a fifty day moving average price of $27.63 and a two-hundred day moving average price of $20.57. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. Zeta Global has a fifty-two week low of $7.38 and a fifty-two week high of $34.14. The stock has a market capitalization of $5.78 billion, a PE ratio of -24.91 and a beta of 1.27.

Zeta Global (NYSE:ZETA) last announced its quarterly 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). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. During the same quarter in the previous year, the company posted ($0.32) earnings per share. The firm’s revenue was up 32.6% on a year-over-year basis. Equities 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 and other institutional investors have recently modified their holdings of ZETA. D. E. Shaw & Co. Inc. boosted its stake in shares of Zeta Global by 1,444.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after buying an additional 1,728,005 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Zeta Global in the 2nd quarter worth approximately $28,698,000. Renaissance Technologies LLC boosted its stake in shares of Zeta Global by 85.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock worth $35,635,000 after buying an additional 929,800 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Zeta Global by 358.3% in the 2nd quarter. Millennium Management LLC now owns 1,189,295 shares of the company’s stock worth $20,991,000 after buying an additional 929,792 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Zeta Global in the second quarter valued at approximately $9,783,000. 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.