Ziff Davis, Inc. (NASDAQ:ZD – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Three 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 issued ratings on the stock in the last year is $75.13.
A number of research firms recently issued reports on ZD. Citigroup reduced their target price on Ziff Davis from $74.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Wedbush decreased their price objective on Ziff Davis from $78.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. JPMorgan Chase & Co. raised shares of Ziff Davis from a “neutral” rating to an “overweight” rating and set a $70.00 target price for the company in a research note on Thursday, May 2nd. UBS Group decreased their price target on shares of Ziff Davis from $77.00 to $76.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 5th. Finally, Barclays cut their price objective on shares of Ziff Davis from $68.00 to $58.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th.
Check Out Our Latest Research Report on Ziff Davis
Ziff Davis Stock Performance
Ziff Davis (NASDAQ:ZD – Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.05. Ziff Davis had a return on equity of 14.26% and a net margin of 4.36%. The business had revenue of $314.49 million for the quarter, compared to analysts’ expectations of $317.71 million. Equities research analysts predict that Ziff Davis will post 6.09 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Ziff Davis
A number of institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Ziff Davis during the fourth quarter worth approximately $32,202,000. CDAM UK Ltd increased its position in shares of Ziff Davis by 26.5% in the 4th quarter. CDAM UK Ltd now owns 1,181,995 shares of the technology company’s stock worth $79,418,000 after purchasing an additional 247,375 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Ziff Davis by 11.3% in the 3rd quarter. Legal & General Group Plc now owns 1,575,994 shares of the technology company’s stock valued at $100,375,000 after purchasing an additional 159,839 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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, Retirement Systems of Alabama grew its stake in Ziff Davis by 212.4% in the fourth quarter. Retirement Systems of Alabama now owns 181,314 shares of the technology company’s stock worth $12,182,000 after purchasing an additional 123,275 shares in the last quarter. Institutional investors and hedge funds 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.
Further Reading
- Five stocks we like better than Ziff Davis
- Low PE Growth Stocks: Unlocking Investment Opportunities
- These Top 3 Banks Raise Dividends After Passing Fed Stress Test
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Hitch a Ride with Lyft Stock for Double-Digit Gains in 2nd Half
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
Receive News & Ratings for Ziff Davis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ziff Davis and related companies with MarketBeat.com's FREE daily email newsletter.