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

Shares of Ziff Davis, Inc. (NASDAQ:ZD) have received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $71.50.

A number of equities analysts have issued reports on ZD shares. Citigroup cut their target price on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Barclays cut 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 report on Friday, August 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th.

Institutional Investors Weigh In On Ziff Davis

Institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new stake in Ziff Davis in the second quarter worth approximately $25,000. Quest Partners LLC acquired a new stake in shares of Ziff Davis during the 2nd quarter valued at $38,000. Innealta Capital LLC acquired a new stake in shares of Ziff Davis during the 2nd quarter valued at $75,000. Blue Trust Inc. lifted its position in shares of Ziff Davis by 72.4% during the 2nd quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock valued at $93,000 after acquiring an additional 708 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Ziff Davis during the 2nd quarter valued at $93,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Stock Performance

Shares of ZD stock opened at $47.44 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.91 and a current ratio of 1.91. Ziff Davis has a one year low of $37.76 and a one year high of $70.90. The company’s 50-day simple moving average is $47.31 and its 200-day simple moving average is $50.08. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 39.21 and a beta of 1.29.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.18 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $332.44 million. During the same period in the previous year, the business posted $1.12 EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts anticipate that Ziff Davis will post 6.1 earnings per share for the current fiscal year.

About Ziff Davis

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.