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

Zeta Global (NYSE:ZETA) was downgraded by research analysts at KeyCorp from an “overweight” rating to a “sector weight” rating in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports.

Other analysts have also recently issued reports about the company. B. Riley lifted their price objective on 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 upped their price objective on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday. Truist Financial reiterated a “buy” rating and set a $42.00 target price (up from $35.00) on shares of Zeta Global in a research note on Tuesday. Oppenheimer boosted their target price on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Roth Mkm upped their price objective on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.23.

Zeta Global Stock Down 37.2 %

ZETA opened at $17.73 on Thursday. The company has a market cap of $3.90 billion, a P/E ratio of -25.33 and a beta of 1.29. The business’s 50-day moving average price is $28.90 and its 200-day moving average price is $22.48. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. Zeta Global has a 12 month low of $7.65 and a 12 month high of $38.20.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 61.25%. The business had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. During the same quarter in the prior year, the firm earned ($0.27) EPS. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. On average, equities analysts expect that Zeta Global will post -0.45 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Zeta Global by 2.6% in the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock worth $182,723,000 after acquiring an additional 431,077 shares in the last quarter. FMR LLC raised its stake in shares of Zeta Global by 84,132.4% during the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after acquiring an additional 3,557,119 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Zeta Global by 2.6% during the first quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock valued at $33,125,000 after acquiring an additional 77,962 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Zeta Global by 85.4% during the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after acquiring an additional 929,800 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in shares of Zeta Global by 1,444.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock valued at $32,610,000 after acquiring an additional 1,728,005 shares in the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Zeta Global Company Profile

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.