Zeta Global (NYSE:ZETA) Lowered to Equal Weight at Barclays

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

Other equities research analysts have also issued reports about the stock. Oppenheimer upped their price target on shares of Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. DA Davidson upped their target price on Zeta Global from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Craig Hallum raised their target price on Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Truist Financial reissued a “buy” rating and issued a $35.00 price target (up from $30.00) on shares of Zeta Global in a report on Friday, September 27th. Finally, Morgan Stanley cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $18.00 to $30.00 in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Zeta Global Trading Down 3.7 %

Shares of Zeta Global stock opened at $26.88 on Friday. Zeta Global has a 12-month low of $7.38 and a 12-month high of $34.14. The firm’s 50 day simple moving average is $27.63 and its two-hundred day simple moving average is $20.57. 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 has a market capitalization of $5.91 billion, a price-to-earnings ratio of -30.55 and a beta of 1.27.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share 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 analyst estimates of $212.44 million. During the same period in the prior year, the company posted ($0.32) earnings per share. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. Analysts predict that Zeta Global will post -0.41 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZETA. Juncture Wealth Strategies LLC lifted its holdings in 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 purchasing an additional 634 shares in the last quarter. Essex Investment Management Co. LLC lifted its stake in Zeta Global by 0.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock valued at $9,137,000 after buying an additional 856 shares in the last quarter. Wolff Wiese Magana LLC acquired a new stake in Zeta Global in the 3rd quarter worth about $26,000. Amalgamated Bank increased its stake in Zeta Global by 20.0% during the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after buying an additional 948 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC raised its holdings in shares of Zeta Global by 9.4% during the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock valued at $136,000 after acquiring an additional 1,065 shares during the last quarter. 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.