Ziff Davis, Inc. (NASDAQ:ZD) Receives $71.50 Average Price Target from Analysts

Ziff Davis, Inc. (NASDAQ:ZD) has been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $71.50.

ZD has been the subject of a number of recent analyst reports. Citigroup cut their price target on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a research report on Friday, September 6th. Finally, Barclays lowered their price objective on shares of Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th.

Ziff Davis Stock Up 1.0 %

ZD stock opened at $47.81 on Tuesday. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 39.51 and a beta of 1.29. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.54. Ziff Davis has a 12 month low of $37.76 and a 12 month high of $70.90. The firm has a 50-day moving average of $46.73 and a two-hundred day moving average of $53.90.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). The firm had revenue of $320.80 million for the quarter, compared to analyst estimates of $332.44 million. Ziff Davis had a return on equity of 13.81% and a net margin of 5.86%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.12 EPS. As a group, analysts forecast that Ziff Davis will post 6.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ziff Davis

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its position in shares of Ziff Davis by 5,392.5% during the 4th quarter. International Assets Investment Management LLC now owns 13,841 shares of the technology company’s stock worth $930,000 after purchasing an additional 13,589 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Ziff Davis by 0.8% in the 4th quarter. Amalgamated Bank now owns 27,287 shares of the technology company’s stock valued at $1,833,000 after acquiring an additional 217 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Ziff Davis by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 575,688 shares of the technology company’s stock worth $38,680,000 after acquiring an additional 21,501 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Ziff Davis by 8.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,693,227 shares of the technology company’s stock worth $113,771,000 after purchasing an additional 136,220 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Ziff Davis by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 185,788 shares of the technology company’s stock valued at $12,483,000 after purchasing an additional 1,118 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

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.