Ziff Davis, Inc. (NASDAQ:ZD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $75.13.

ZD has been the topic of a number of research reports. JPMorgan Chase & Co. raised shares of Ziff Davis from a “neutral” rating to an “overweight” rating and set a $70.00 price target on the stock in a research note on Thursday, May 2nd. Barclays lowered their price objective on shares of Ziff Davis from $68.00 to $58.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. UBS Group lowered their price objective on shares of Ziff Davis from $77.00 to $76.00 and set a “neutral” rating on the stock in a report on Tuesday, March 5th. Wedbush lowered their price objective on shares of Ziff Davis from $78.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, May 10th. Finally, Citigroup lowered their price objective on shares of Ziff Davis from $74.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, May 10th.

Ziff Davis Stock Performance

Shares of ZD opened at $54.66 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.95 and a current ratio of 1.95. Ziff Davis has a twelve month low of $49.50 and a twelve month high of $75.58. The firm’s 50 day moving average price is $54.65 and its two-hundred day moving average price is $61.38. The firm has a market cap of $2.52 billion, a P/E ratio of 45.17 and a beta of 1.29.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.05. Ziff Davis had a net margin of 4.36% and a return on equity of 14.26%. The firm had revenue of $314.49 million for the quarter, compared to analyst estimates of $317.71 million. On average, analysts forecast that Ziff Davis will post 6.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Ziff Davis

A number of institutional investors have recently added to or reduced their stakes in the company. Invenomic Capital Management LP boosted its position in Ziff Davis by 11.8% during the first quarter. Invenomic Capital Management LP now owns 97,138 shares of the technology company’s stock worth $6,124,000 after purchasing an additional 10,287 shares during the period. Janus Henderson Group PLC boosted its position in shares of Ziff Davis by 0.3% in the first quarter. Janus Henderson Group PLC now owns 3,239,654 shares of the technology company’s stock valued at $204,227,000 after acquiring an additional 10,303 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Ziff Davis by 3.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,316 shares of the technology company’s stock valued at $1,849,000 after acquiring an additional 995 shares during the period. EntryPoint Capital LLC boosted its position in shares of Ziff Davis by 100.5% in the first quarter. EntryPoint Capital LLC now owns 4,875 shares of the technology company’s stock valued at $307,000 after acquiring an additional 2,444 shares during the period. Finally, Tocqueville Asset Management L.P. boosted its position in shares of Ziff Davis by 9.4% in the first quarter. Tocqueville Asset Management L.P. now owns 58,000 shares of the technology company’s stock valued at $3,656,000 after acquiring an additional 5,000 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Company Profile

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.