Ziff Davis, Inc. (NASDAQ:ZD) Receives $69.71 Consensus PT from Brokerages

Ziff Davis, Inc. (NASDAQ:ZD) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $69.71.

A number of brokerages have recently commented on ZD. UBS Group dropped their price target on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 3rd. Barclays upped their price target on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th.

Institutional Trading of Ziff Davis

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its stake in shares of Ziff Davis by 69.8% during the 3rd quarter. Victory Capital Management Inc. now owns 53,905 shares of the technology company’s stock valued at $2,623,000 after purchasing an additional 22,155 shares during the period. Franklin Resources Inc. bought a new stake in shares of Ziff Davis during the 3rd quarter valued at $986,000. Virtu Financial LLC bought a new stake in shares of Ziff Davis during the 3rd quarter valued at $503,000. Empowered Funds LLC bought a new stake in shares of Ziff Davis during the 3rd quarter valued at $7,210,000. Finally, Rice Hall James & Associates LLC raised its stake in shares of Ziff Davis by 11.0% during the 3rd quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock valued at $24,394,000 after purchasing an additional 49,510 shares during the period. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Stock Down 0.8 %

ZD stock opened at $52.37 on Friday. The stock’s fifty day simple moving average is $55.24 and its two-hundred day simple moving average is $50.79. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis has a 1-year low of $37.76 and a 1-year high of $70.02. The stock has a market cap of $2.24 billion, a P/E ratio of 44.38 and a beta of 1.36.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.10. Ziff Davis had a return on equity of 13.98% and a net margin of 4.52%. The business had revenue of $353.58 million for the quarter, compared to analysts’ expectations of $347.66 million. During the same quarter in the previous year, the firm earned $1.35 earnings per share. Analysts expect that Ziff Davis will post 5.93 EPS for the current 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.