Shares of Ziff Davis, Inc. (NASDAQ:ZD – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation 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.
Several equities analysts have commented on ZD shares. JPMorgan Chase & Co. raised Ziff Davis from a “neutral” rating to an “overweight” rating and set a $70.00 price target for the company in a report on Thursday, May 2nd. Barclays lowered their price objective on 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. Citigroup reduced their target price on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Wedbush decreased their price target on shares of Ziff Davis from $78.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th.
View Our Latest Analysis on ZD
Ziff Davis Trading Down 0.1 %
Ziff Davis (NASDAQ:ZD – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.08). The company had revenue of $320.80 million for the quarter, compared to the consensus estimate of $332.44 million. Ziff Davis had a return on equity of 14.26% and a net margin of 4.36%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 EPS. As a group, sell-side analysts predict that Ziff Davis will post 6.09 EPS for the current year.
Institutional Trading of Ziff Davis
A number of large investors have recently bought and sold shares of ZD. Rothschild Investment LLC acquired a new position in Ziff Davis in the second quarter valued at about $25,000. EverSource Wealth Advisors LLC increased its holdings in shares of Ziff Davis by 362.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock worth $34,000 after buying an additional 402 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new position in shares of Ziff Davis in the fourth quarter valued at approximately $34,000. Quest Partners LLC acquired a new position in shares of Ziff Davis in the 2nd quarter worth approximately $38,000. Finally, First Horizon Advisors Inc. grew its position in Ziff Davis by 32.2% during the 4th quarter. First Horizon Advisors Inc. now owns 686 shares of the technology company’s stock worth $46,000 after acquiring an additional 167 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.
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.
See Also
- Five stocks we like better than Ziff Davis
- What is the Australian Securities Exchange (ASX)
- Columbia Sportswear: A Turnaround Story That’s Gaining Ground
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Lowe’s Stock: Hold Now, Buy it When it Dips
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- ZIM Shipping Stock Soars as the Industry Shows a Bottoming Trend
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.