Ziff Davis, Inc. (NASDAQ:ZD) Given Average Rating of “Moderate Buy” by Brokerages

Ziff Davis, Inc. (NASDAQ:ZD) has received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $71.50.

A number of research analysts have weighed in on ZD shares. Barclays decreased their target price on shares of Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Citigroup lowered their price objective on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th.

Ziff Davis Price Performance

Shares of Ziff Davis stock opened at $44.66 on Friday. The firm has a market cap of $2.06 billion, a PE ratio of 36.91 and a beta of 1.29. The business has a 50-day moving average price of $46.56 and a 200 day moving average price of $52.03. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.54. Ziff Davis has a twelve month low of $37.76 and a twelve month high of $70.90.

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

Institutional Trading of Ziff Davis

Large investors have recently modified their holdings of the stock. Rothschild Investment LLC acquired a new stake in Ziff Davis in the second quarter valued at approximately $25,000. OLD Point Trust & Financial Services N A acquired a new stake in shares of Ziff Davis in the 4th quarter valued at $34,000. Quest Partners LLC purchased a new stake in shares of Ziff Davis during the 2nd quarter worth $38,000. Innealta Capital LLC acquired a new position in shares of Ziff Davis during the second quarter worth $75,000. Finally, Blue Trust Inc. grew its stake in shares of Ziff Davis by 72.4% during the second quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock worth $93,000 after purchasing an additional 708 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.