Ziff Davis, Inc. (NASDAQ:ZD) Receives $75.13 Average PT from Analysts

Ziff Davis, Inc. (NASDAQ:ZD) 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.

Ziff Davis Stock Performance

Shares of ZD opened at $53.75 on Thursday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.53. Ziff Davis has a 52-week low of $49.50 and a 52-week high of $75.58. The company has a 50-day simple moving average of $54.86 and a 200-day simple moving average of $61.15. The company has a market capitalization of $2.48 billion, a PE ratio of 44.42 and a beta of 1.29.

Ziff Davis (NASDAQ:ZD) 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.