Zeta Global (NYSE:ZETA) Stock Rating Lowered by Wall Street Zen

Zeta Global (NYSE:ZETA) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other analysts have also issued research reports about the company. DA Davidson increased their price objective on Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Royal Bank Of Canada increased their price objective on Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Bank of America started coverage on Zeta Global in a research note on Tuesday, May 19th. They set a “buy” rating and a $24.00 price objective on the stock. KeyCorp raised Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research note on Tuesday, April 28th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Zeta Global in a research note on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.83.

Zeta Global Trading Up 13.6%

Shares of ZETA stock opened at $22.92 on Friday. Zeta Global has a fifty-two week low of $12.10 and a fifty-two week high of $24.90. The stock has a market cap of $5.59 billion, a P/E ratio of -208.32, a P/E/G ratio of 3.14 and a beta of 1.29. The business has a fifty day simple moving average of $17.23 and a 200-day simple moving average of $18.23. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Zeta Global had a positive return on equity of 2.91% and a negative net margin of 1.62%.The business had revenue of $394.64 million during the quarter, compared to analysts’ expectations of $378.09 million. During the same quarter last year, the business posted $0.06 earnings per share. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, analysts forecast that Zeta Global will post 0.21 earnings per share for the current fiscal year.

Institutional Trading of Zeta Global

A number of hedge funds have recently added to or reduced their stakes in ZETA. Disciplined Growth Investors Inc. MN acquired a new stake in Zeta Global in the 3rd quarter worth about $121,502,000. Contour Asset Management LLC lifted its stake in shares of Zeta Global by 26.3% in the 4th quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock valued at $227,159,000 after purchasing an additional 2,327,907 shares in the last quarter. Norges Bank acquired a new position in shares of Zeta Global in the 4th quarter valued at about $46,975,000. M&T Bank Corp lifted its stake in shares of Zeta Global by 12,545.2% in the 4th quarter. M&T Bank Corp now owns 2,233,649 shares of the company’s stock valued at $45,455,000 after purchasing an additional 2,215,985 shares in the last quarter. Finally, Annex Advisory Services LLC acquired a new position in shares of Zeta Global in the 4th quarter valued at about $42,136,000. 87.75% of the stock is owned by institutional investors and hedge funds.

About Zeta Global

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.