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

Ziff Davis, Inc. (NASDAQ:ZD) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $71.50.

Several research firms have recently weighed in on ZD. Barclays dropped 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 report on Friday, August 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a research report on Friday, September 6th. Finally, Citigroup reduced their target price on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 9th.

Ziff Davis Price Performance

NASDAQ ZD opened at $46.37 on Wednesday. Ziff Davis has a 12 month low of $37.76 and a 12 month high of $70.90. The firm has a market capitalization of $2.07 billion, a PE ratio of 28.62 and a beta of 1.29. The company’s 50 day simple moving average is $47.36 and its 200 day simple moving average is $49.98. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.91 and a quick ratio of 1.91.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings results 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). The business had revenue of $320.80 million during the quarter, compared to analyst estimates of $332.44 million. Ziff Davis had a net margin of 5.86% and a return on equity of 13.81%. Ziff Davis’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 earnings per share. As a group, equities research analysts forecast that Ziff Davis will post 6.1 EPS for the current fiscal year.

Institutional Trading of Ziff Davis

A number of institutional investors and hedge funds have recently modified their holdings of ZD. Janus Henderson Group PLC lifted its position in shares of Ziff Davis by 0.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,239,654 shares of the technology company’s stock worth $204,227,000 after purchasing an additional 10,303 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ziff Davis by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock worth $113,255,000 after buying an additional 257,056 shares during the last quarter. Rice Hall James & Associates LLC boosted its position in shares of Ziff Davis by 11.0% in the third quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock valued at $24,394,000 after acquiring an additional 49,510 shares during the period. Retirement Systems of Alabama boosted its position in shares of Ziff Davis by 21.4% in the second quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company’s stock valued at $19,820,000 after acquiring an additional 63,458 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Ziff Davis by 453.7% in the second quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company’s stock worth $15,204,000 after acquiring an additional 228,257 shares during the last quarter. 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.